Good read.  This is especially bearish:

Throughout most of 2006 and 2007 the S&P 500 and other US stock indices moved inversely to the USD index. So when stocks went up, the dollar was getting cheaper and vice versa. This kept US investors flat on a global scale.

Then something very scary began happening in about mid-October, the two indices started moving in tandem again.

So now...we've got a falling stock market AND a falling dollar. Coupled with real inflation running at over 10% most U.S. investors don't stand a chance!"

That's right... A falling dollar, and falling stock market will scare away the foreign investors in droves... And that's scary folks!

Do not mean to be a bear here on the US economy but some fact are adding up to trouble.  The only silver lining is that the world economy, although still somewhat dependant on the US is not as dependant.

Glorieux