Dear Mr. Gigot,
I am writing this letter to discuss the WSJ article named “All Clear on Recession Risk. Not Yet” by Greg Ip which was published on March 4, 2016 (Ip 1). The article is not as informative as much it tends to illustrate a sense of clairvoyance in the writer’s judgement and his forewarning of the imminent economic apocalypse for the nation. It is needless to mention that the article’s theme has been excessively pessimistic in predicting the odds of a recession not hitting the US economy in the near future. My inference on the article’s theme can further be elicited by the subtext given for the article which states, “The market turmoil has subsided, but its repercussions have yet to be felt” (Ip 1). I seriously fear the possibility of this article hitting the confidence of people sentiments in terms of their faith of national economy.
Quite surprisingly, the article starts with mentioning the positive indicators of revived economy which is free from threat of a recession and it gradually starts the underlying assurance in positive indications from sustainable inflation, stable oil prices, stable work-hour index, and declined probability statistics for recurrence of recession in the United States (Ip 1). The writer claims that although all though the economic indicators are in support of averting the recession, still the impending threat of recession can not be ruled out in the coming scenario.
With a highly assuring figure of non-farm payrolls rising to 242,000 it is clear that US is totally out of recession threat now (Ip 1).It is rather surprising the writer has written this article to pose a warning to the sentimental markets in times of their recovery when it should have been a motivational speech over positive market growth.
Works Cited
Ip, Greg. " All Clear on Recession Risk? Not Yet".WSJ. 2016. Web. March 06. 2016.
