There is no such scenario of an US economy decoupling from an economic slowing,in China,India,Turkey
Brazil,Russia,and many other emerging economies. And an anemic recovery in the Euro Zone and a fragile an still in progress Japanese recovery.
The real present economic scenario is the starting of the tapering of the QE program of the Federal
Reserve which in turn comes with an exodus of money from stocks and bonds in the emerging markets,compounded with a concern about a slowing Chinese economy. This brings less exports for countries that have China as its first trading partner.
So we have an scenario of higher interest rates,falling currencies, falling prices of certain commodities,and high volatility in stock, bond and currencies of developed and emerging economies.
Analysts and officials of developed economies tend to be optimists in times of crisis. When the mortgage crisis began in the US economy, they said that the rest of the economy was decoupled fron this problem.
When the problem started in the Euro Zone they said that it was not important for the US economy.
What should they expect this time?
