Mac SlavoOn the surface, the United States is currently one of the stronger global economies.
But lurking beneath that may be an ‘impending crisis’ that threatens to drag everyone down with it.
That’s according to the Financial Times, who say that falling oil prices combined with a strong dollar (hence reduced trade in exports) and a likely increase in U.S. interest rates could contribute to the “familiar pattern” of economic slowdown. As Satyajit Das writes, “bankruptcies, defaults, banking problems and reduction in credit availability drive contagion.”
