Posted AT 6:44 AM EST on 04/12/07
Economic train wreck in the U.S.
WASHINGTON — After subprime, decoupling just might be the most overused word of the year in economics.A quick database search yields hundreds of newspaper stories about the decoupling phenomenon in the past three months alone.
Here's the theory: Forget the notion that the global economy closely tracks the fortunes of the mighty United States, that voracious consumer of everything.
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