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”Economist who predicted busted housing bubble says another recession is coming”

by Bernard Condon (Associated Press), San Jose Mercury News

NEW YORK — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, “When the U.S. sneezes, the rest of the world catches a cold,” may need to be flipped.

Maybe the rest of the world will sneeze this time, and the U.S. will get sick. (Read more)

URL : http://www.mercurynews.com/business/ci_26195174/economist-who-predicted-busted-housing-bubble-says-another

 

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