Not according to that pinko rag the Economist!
"AFTER weeks of focusing on the presidential race, Americans’ attention this week swung back to a more pressing concern: their economy. Financial markets have been jittery for weeks, as signs of an economic slowdown have increased."
"ONE by one, economies around the world are stumbling. By cutting interest rates again this week—for the seventh time this year—the Federal Reserve hopes it can keep America out of recession. But in an increasing number of economies, from Japan and Taiwan to Mexico and Brazil, GDP is already shrinking"
all quotes are from this weeks issue.