[VeniVidiVici]

The European Union's economic and monetary affairs commissioner, Joaquin Almunia, said that big U.S. trade and budget deficits were to blame. "The main reason why the equity markets have this extreme volatile situation these days is the risk of a recession in the U.S., it's not about a global recession," Almunia said.

Yeah, that's right. You'll just go sell all your crap to Liberia to make up for the loss of the US market. Communism 101.

[piytar]

But but but I thought America was irrelevant anymore. This isn’t a case of America sneezes, the world economy catches a cold. It’s a case of the world’s economy gets a cold, and the US getting treated fends it off. So much for the “end of the American era” BS...