United States of america

The US has dominated the world economy since World War II. Its dominance has come from not only bein...

The US has dominated the world economy since World War II. Its dominance has come from not only being the world's largest economy and the base for many of the world's biggest and most influential companies, but also from its insatiable demand for products and services from around the world. It is this far-reaching influence that led to the old adage, "When the US sneezes, the world catches a cold". It was therefore with worry that the rest of the world watched as the sub-prime crisis unfolded. Just how much had banks lost? Would the problems with sub-prime lead to wider problems in the ho...