The explanation appears that the US economy would be the first to come out the recession before the rest of the world or the US whilst weak - is still much stronger than the Europe and others. It beats me when I heard this on the Bloomberg.
It is the same with the current worry that low oil price is a bad indicator - slow global demand. Was it only a month ago that there was huge uproar that the high oil price would create high inflation pressure with the Fed having to increase interest rate(?). The US has different theme each month. Hard to keep up.
