Think of yourself flying across the country. An engine starts sputtering; cause for alarm, sure, but the pilot does that folksy number--"Aw, shucks, little problem here"--and assures you the others can take the strain. Then a second engine goes out; the sweat trickles down your neck, but you reckon you'll make it to the ground safely. But if the third, and then the fourth, flame out...
The global economy hasn't crashed just yet. But a worldwide slowdown is giving analysts everywhere a bad case of the jitters. The key reason: this, says Robert Hormats, vice chairman of Goldman Sachs International, is...
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