Every recession in history has been caused by two things: an overreaction by the feds, or a screw up by wall street. Market crash in the 80s was because the fed

Every recession in history has been caused by two things: an overreaction by the feds, or a screw up by wall street. Market crash in the 80s was because the feds spiked the interest rate, dot com bust was because wall street didn't do their due diligence. Not saying that the upcoming recession will be caused by one of these things, just that I doubt sovereign debt has the power (like overreactions or financial mishaps) to move global markets.