I heard a slightly different version of that saying: "When the US sneezes, the rest of the world catches a cold."
Funny how when the US credit rating was lowered, the prices of US Treasury bonds actually increased, and their yields fell. When US financial institutions went bankrupt, the value of US government securities went up.
When the Federal Reserve printed money to buy bonds, the value of the dollar actually increased. And when the Federal Reserve stopped printing money to buy bonds, the value of the dollar still increased.
Maybe the rumors of the death of America are premature, and maybe the old saying is still true.
Funny how when the US credit rating was lowered, the prices of US Treasury bonds actually increased, and their yields fell. When US financial institutions went bankrupt, the value of US government securities went up.
When the Federal Reserve printed money to buy bonds, the value of the dollar actually increased. And when the Federal Reserve stopped printing money to buy bonds, the value of the dollar still increased.
Maybe the rumors of the death of America are premature, and maybe the old saying is still true.