Independent voices from the TWT Communities
Just when the American economy was looking like a global bright spot, a spate of bad news last week showed that the U.S. also has succumbed to a major slowdown — sending President Obama and his team scrambling to explain Friday's disappointing unemployment numbers.
"The U.S. economy can't entirely remain an island in a sea of troubles," said Cliff Walden, senior economist at the Manufacturers Alliance for Productivity and Innovation.
The news of slower growth in the U.S. "could not have come at a worse time for markets," which already had been "grappling with the uncertain European political environment," he said, and were counting on an island of stability in the U.S.
