US-led global recession anyone?

Here is the beginning of this article from Hong-Kong:
"I think it is time that we should take a serious look at the possibility that the US is going to take us down towards a worldwide recession in one or two year's time."

What happens when your main client is a spoiled child which has to borrow money from you so it can buy what it consumes? The money you lent is never repaid and you are out of business because you don't sell anymore...