Reading, listening and watching global economists talk about the current situation of financial impact that is flowing across major markets, they all keep falling back to Europe now, not the US. Sure, the US absolutely started this off, and there is a snowball effect, however; the US are not to blame for the situation European countries put themselves within... its more just that these countries are falling over as a result of their poor policies and economics, which have only survived as long as they have due to the strength of what the US financial economy was at that time.
The US is showing growth, amongst all the negativity and volatility of markets, the US economy is by itself stabilizing / growing slightly. What's keeping the US and other markets volatile presently, is specific European countries which policies have severely been exposed for the inept forethought along with financial mismanagement that continues the GFC, and thus continuously hindering the US and other countries growing.
Keeping current at the time of posting this, I believe there are many news articles that aptly represent the issue, though I have chosen this as the most unbiased I could find, yet provides the largest demographics of the globe for GDP and overall forecasts: http://economictimes.indiatimes.com...ly-close-to-recession/articleshow/9671315.cms
Is it really the US now, or actually Europe and the snowball effect? The US is to blame for their capitalistic view and the GFC, no question about it, however; they don't own responsibility for Greece's economic policy to retire at 55 and pay taxes if you want earning under x amount, and all the other nonsense policies and way of life that Greece has stumbled through upon. Not a dig at Greece, just one example of the several countries within the EU causing major issues into prolonging the mess the US started. Greece would have fallen at some point though with these policies, regardless if the US fell or not.
Whats your thoughts and opinions, shifting away from just the US?
(And for those thinking I'm excusing the US, I am Australian... so no, I'm not excusing US politics for creating this mess)