First of all a very good article. Well researched and the author has put across his opinion logically supported with his research and knowledge. Yes definitly it looks any slump in US economy will Indian economy as well. In a globalised economy if any problems in small nations (like south east Asia crisis) can affect global economy, there is no question about whether a slump in world's biggest economy will affect other countries or not. So in my opinon, if you get a first hint of recession in US, be prepared to face its global affects. In case of a storm warning for a area, first thing a person does is either vacate the place or board up his place to protect against the storm. So in case of fisrt indication of US recession, safer thing will be either move out of risker assets like equities and move into safer assets like cash or Gold. Disclosure: This is my two Rs worth advice friends, and I am practising it myself.
