By John Tamny of RealClearMarkets
A recent survey of economists in the Wall Street Journal pointed to economic recovery beginning in September. The problem here is that true economic growth is about productive economic activity, not GDP numbers that presume the U.S. economy is an entity unto itself.
The simple truth is that individuals don’t just start producing at a certain point as economists assume. In that sense, the notion of resumed activity at a date certain should be taken with a grain of salt.
