Hello, Global Economy…Goodbye American Consumer?

Posted on 02 July 2010

Hello, Global Economy…Goodbye American Consumer?
Remember when the U.S. economy (or markets) sneezed, the rest of the world caught pneumonia? As we enter the second half of 2010, it seems as if the tables have been turned. Case in point: what was it that caused U.S. investors to sell off stocks in late June? Depending on whom you ask, the culprit is generally identified as either worries over the outlook for the Chinese economy, sovereign debt …

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