How the U.S. has decoupled from Europe, in one chart
U.S. industrial production has continued to rise in recent months, while Europe’s has plummeted, Thomson Reuters points out. This is not only in spite of the euro zone mess, but perhaps in part, because of it, as the U.S. has partly stepped up to meet global demand while Europe continues to flounder.
That said, the U.S. is hardly in the clear yet: while the blood-letting has been stopped for the moment, few are confident that the latest Greece deal will be a lasting solution to the euro debt crisis, and a real meltdown with global aftershocks could still be on the horizon. And even a more gradual decline in Europe could put a damper on the U.S. recovery.
(h/t Pragmatic Capitalism)