Economists say, "When America sneezes, the world catches cold," an expression that suggests that the U.S. must remain healthy for the world economy to grow. And while that remains largely true, today the world is sneezing and America is, at the very least, getting the sniffles.
With a serious growth recession underway in China, a technical recession looming in Japan, stalled growth in Europe and full-blown recessions in Russia, Brazil and many emerging market nations, the U.S. economy has softened appreciably.