Half a brain with an opinion

Any person who reads the papers or hv an open ear listening would know that the global economy is facing a period of volatility. Okay, it has always been volatile but it has been increased with the worry of the US economy hitting the big 'R'.
I hv no economic base therefore ill-equipped to speak on this matter but i will anyway. The US economy might be heading towards recession, pundits everywhere are worried bout that, which caused a downturn in most markets - they hv or are still rebounding, albeit only by a lil.
Nevertheless, recession altho a worry might be just a long shot. The US admin is already planning a stimulus package worth at least $100bn, maybe as much as $145bn to awake the sleeping frankenstein. The effects of the subprime burst is still being nursed and it's getting better with the injection of capital from SWF ( sovereign wealth funds - if u dont know, read more-).
I believe that the US economy wont hit recession but it will however, hover at the lows for a long period of time until a remedy is found which i hv no idea what it is. So this might mean our economy might slow down a little? I think so... hmmm. Economies are intertwined and when one falters the rest cant just ignore it and go on with their farming.
Economies are made up of cycles, up and downs with periods of volatility and periods of relative peace. A market has to face a period of lowness b4 hitting the highs. The US economy was facing 30 yrs of relative peace due to smart macro-economics management and the feds theoretically squeezing inflation on so maybe this period of low might just be a stepping stone for it to rebound even higher? U might present China as an argument, altho u need to know a lil more than just watching tv for that which i.... SO, China is already facing inflation - rising food prices and CPI's- and is worried that their economy might overheat and *kaboom*. What would that spell out for us? The fastest rising country with double digit annual GDP growth imploding on itself? Hmmmm... that would be hard though, since they hv like $ 1 trillion in foreign reserves. =S

But then again, this is coming from some1 who didnt take up economics, maybe get some opinion from some1 who does, provided they hv half a brain with opinion of their own.