(Answered) The us sneezes and the rest of the world catches a cold is

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"The US sneezes and the rest of the world catches a cold," is an old saying that seemed to be anachronistic;

However, the current US Economic problem grew into a global financial crisis of incredible proportions. What can be learned?

How does it change our perspective of global trade and finances? And, what does it foretell for the future?

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