U.S. Economy, Stocks Can’t Escape the World’s Pain

The bulls have perpetrated a fantasy over the last few months. It went something like this: You can safely ignore the market declines on foreign bourses and the slowdown of economies in Asia, Europe and the emerging world because the American economy and U.S. stocks were an island of their own.

US economic recovery better than others in last 5 yrs: Obama

The US economic recovery after the recent global crisis is better than other countries, President Barack Obama said on Thursday with a latest report showing that America has seen the fastest job growth in the first half of the year, since 1999.