When the U.S. sneezes, the world catches a cold. What happens when it has severe COVID-19?

Reuters/Howard Schneider/7-19-2020

“During a blue-sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped pull the world along as the extra cash from tax cuts and government spending flowed through domestic and global markets. But if it was U.S. policy that pushed the world higher then, it is U.S. policy that threatens to pull the world under now as the country’s troubled response to the coronavirus pandemic emerges as a chief risk to any sustained global recovery.”

USAGOLD note:  As goes the United States so goes the world.  One wonders how the situation to which Reuters alludes will affect the stability of global stock and bond markets.