Timothy Geithner

It accelerates the recovery in the U.S.? 11 May 2009 during the past week, the US economy received many positive news fed hopes that the worst of the crisis has passed and that you can start thinking about recovery. How much was like that so much good news were not heard from us? There are solid grounds for this belief?Good news both labour market as the industry businessman, a real estate market that promises to start his recovery and a greater clarity on the Outlook in the banking sector, are the arguments that the Americans wield to show a greater optimism. Optimism was reflected in the currency market and that led the dollar to minimum levels in the last four months. It gives me the feeling that the stress test, beyond of the criticism by several specialists, represented a positive element in view of the prospects for economic recovery, since it has put a visible boundary to the needs of the system banking American to maintain a certain level of strength against new contingencies, in addition to have triggered concrete actions of the most fragile entities to strengthen their situation. Limiting the possibility of new episodes of crisis in the US banking sector is key to allay fears. Something that will help in this regard is what the Secretary of the Treasury of United States, Timothy Geithner, acknowledged recently and that the U.S.

Government is evaluating the creation of Council to coordinate banking regulators and the financial system. The transfer of risks within the financial system generating a mistaken view about the health of the sector would be limited in this way. Since the labour market also arose during the week a good amount of news that an improvement in the panorama of the same feed. While he continued with the destruction of jobs and rising levels of unemployment, the market signals indicate a clear slowdown in the pace of job deterioration.