The Myth of Decoupling, Moral Hazard, and American Dream Disappearing

/Begin Excerpt Now the myth that was floating around for many years was that the United States was going to go into its own abyss while the world somehow boomed on its own.  According to many of these people, the United States was contained.  Did Ben Bernanke give them his early 2007 speech about the subprime market being contained?  The recent turn of events are as follows:(a)  U.S. Dollar rally(b)  Commodities falling(c)  Inflation moderating(d)  Housing still decliningThese events are occurring because the world has not decoupled.  That is, we are still very much intertwined and when the larger economies sneeze,...

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