[ajax]

...in the USA cause the GLOBAL recession? Thats what I always hear..So technically it's the americans' fault!

[ccrobe]

Do some goddamn research you idiot. There's so much more that contributed stop just listening to the media and do your own damn research.

[Collin W]

Because America has the biggest economy in the world and everyone relies on our products. Also americans use a lot of foreign products. American economy goes down, those who rely on it do as well. Americans stop buying foreign products because of lagging economy, those foreign economies also lag.

[Bored Goblin]

B/c US mortgages were financed (in part) with money from foreign investors. So when defaults started, they were hurt as much as US investors. And there were property bubbles in most other developed countries. Once the US housing market popped, people everywhere lost confidence in real estate.And b/c several large economies (China, Germany, Brazil) grow mainly by selling stuff to the US. Once US buys less of their stuff, they go down. On the plus side, US has caused good chunk of the global growth in the past 10 years, so foreign countries are still better off than they would be if US had never existed.