ELI5: Why are so many other countries affected by America’s pending recession/depression?

r/

I’m a bit confused as to why other entire stable and self-sufficient economies and stock markets are at risk of also spiralling if America’s tanks.

Would it be the same on a smaller scale if Europe’s stock market crashed?

Comments

  1. MisterBilau Avatar

    The American stock market is by far the biggest in the world. The USD is the world’s reserve currency. Pretty much everybody is invested in America. I’m European, i invest in stocks – American stocks. Because they used to be the best. Now? Who knows. The least few months have been catastrophically stupid.