Bottom Line: Don't take US resilience for granted this time around - Europe is getting ugly, and it is far too late to prevent severe recession. The best policymakers can hope for at this point is too avoid a depression.
Read the whole post (short) at Tim Duy's Fed Watch
Can the US Decouple From the Eurozone?
If the US and EZ go down, can the rest of the world be far behind?
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