So Much For Decoupling

Prior to the global economic crisis, there was much talk about the fact that many countries, especially China, had “decoupled” from the United States.  The old saw that “when the U.S. sneezes the rest of the world catches a cold” was no longer true.  Oh well.  Brad Setser has a nice write-up on the state of things on his blog over at the CFR.

It wasn’t long ago that we said duodenal ulcers were basically uncurable.  The Cowboy had a couple of them.  Stress reduction, antacids and milk were your only solutions.  It was only in the 1990’s that we realized they were caused by bacteria and very treatable.  So much for conventional wisdom.  And so much for decoupling.  We’re all in this boat together.

(Hat Tip: Andrew Sullivan)

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Published in: on March 30, 2009 at 18:44  Comments Off on So Much For Decoupling  
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