A woman visits an international property exhibition in Beijing in May. China is trying to contain the fallout from a deflating real estate bubble. (Photo by Wang Zhao/AFP/Getty Images)
Even though the U.S. economy finally looks ready to expand at a healthy rate, sluggish growth in France, Italy, Russia, Brazil and China are likely to drag America into a new recession, says David A. Levy. The economist has a pedigree. Nearly a decade ago, he warned that the housing bubble was set to burst, and that the damage would push the country into a recession so severe the Federal Reserve would slash borrowing rates to their lowest levels ever. That's exactly what happened. [Full Story]
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