World Economy 'Decoupling' From The U.S.

bloomberg.com:

Oct. 4 (Bloomberg) -- Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown.

Just three years since America began dragging the world into its deepest recession in seven decades, Goldman Sachs Group Inc., Credit Suisse Holdings USA Inc. and BofA Merrill Lynch Global Research are forecasting that this time will be different. Goldman Sachs predicts worldwide growth will slow 0.2 percentage point to 4.6 percent in 2011, even as expansion in the U.S. falls to 1.8 percent from 2.6 percent.

Read the whole story: bloomberg.com

Comments

[SaneThoughts]

09:19 PM on 10/05/2010

Conservative have turned America in to a third rate country.

Thanks for nothing, losers!

[Keren Or Shalom]

07:38 PM on 10/05/2010

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[Sundialsvc4]

05:52 PM on 10/05/2010

As well they should!

American financial institutions have committed gigantic securities frauds ... racketeering ... extortion ... usury ... swindling ...

... and the American Government helped them do it.

What do you do? Well, it's a great big world out there, full of opportunity, and maybe full of governments who are not quite so dishonest. (Maybe.)

When you determine that someone is a thief and a liar (and much more), you distance yourself from that person.

Duh.

[cassie reinara]

12:50 PM on 10/05/2010

If your fiscal policy is destroying the value of your own currency, this would be a natural reaction from anyone who maintains a rational economic policy. The US cannot continue to debase the dollar and expect something good to come out of it. First of all, we are not an export oriented economy like China or Japan. We basically produce anything of real value in the U.S. today, so we have nothing to export or sell. This trend will continue until saner heads prevail and we have sounder fiscal and trade policy.

[sonoffestus]

11:54 AM on 10/05/2010

Read a little history. Decoupling though a modern word has been happening throughout history.
The US cannot and will not escape it. The question remains how we will deal with it.

[Erdgeist]

08:21 PM on 10/04/2010

Of course this could all change in a fortnight with China's real-estate bubble. My friend just got back from China. There are lots of empty buildings yet the Chinese are still building.

[jdmn17]

10:55 AM on 10/05/2010

There's more empty ones here and it's not getting any better with the foreclosures still on the rise and jobs on the decline. It isn't going to change, at least around here

[hellboundtrain]

02:59 PM on 10/04/2010

Other members of the world community are much smarter than US.
Who would not shun fraud, once found?

[pompous]

01:51 PM on 10/04/2010

Decoupling has economic and political ramifications. I think we have to abandon the notion that our lower dollar will seem enticing to the global market place. A lower dollar would be seen as an advantage if global markets didn't have a sense that US economic policy is risk prone. It is the laissez-faire wall street attitude that has not and will not serve the US well. Since the rise of the Euro many from the US and England have sought political comfort in its eminent collapse. The political ramifications began to see daylight when France's Villepin confronted Bush's Iraq invasion and ultimately got Germany to side with their opposition. There seems to be a rising consensus that the US lacks direction and is not the only game in town. The post World War II hegemon days are over.

[Dameocrat]

01:40 PM on 10/04/2010

Not surprised. We are run by unaccountable crooks. Who would want to invest in us. We aren't leaders on anything anymore either, accept in fundamentalist christians , and cronyism.

[mbo2]

11:54 AM on 10/04/2010

I wonder what the "silver lining" is on this. I'm thinking none. Just one more sign of a scary trajectory as the U.S. policy says "let's become like everybody else."

[LiberalFromDenver]

12:44 PM on 10/04/2010

It's a good thing, in the end. Other nation's prosperity and a weaker dollar will help develop more demand for US exports. In a sense, world markets are strong enough to be counter-cyclical with the US economy, which helps everyone, and offers a cushion to the US when we're in a weaker place. It's not a bad thing, in my view.

[jporcelli]

02:57 PM on 10/04/2010

What exactly will we export if its agreed our manufacturing base is so diminished or moved overseas? Wal-Mart employees? There is so little to export form our country it doesn't matter how low our dollar is, there are no companies to benefit from it