By most indications, the U.S. economy is recovering fairly well for the time being. But across the Pond in Europe, another story is unfolding that has the stock market worried -- and it should have your attention, too.
Economist Gary Shilling, who correctly predicted the financial collapse, just released a new book, The Age of Deleveraging which explains why inflation is not what investors should be fearing, but rather deflation. Shilling also gives ten investments investors should now make.
With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.