U.S. woes still tug on world economies

The near-universal character of this month's global financial markets plunge came as a surprise to many people. After persistent growth in recent years in countries such as India and China, Goldman Sachs, Merrill Lynch and JPMorgan all had assured investors that the world no longer depended upon the U.S. economy."Who Needs The U.S.?" scoffed Time magazine last year.That once fashionable belief in global "decoupling," however, has been deeply shaken, if not obliterated, by Wall Street's recent...Full Story
Commenting on this article is closed.