The following two charts cut right through the headline propaganda and show all there is to know about the state of the global economy.
The first is a chart of Global Cyclical stocks (Goldman ticker GSSBGCYC). The second shows Global Defensives (Goldman ticker GSSBGDEF). The resulting picture is worth 1000 Op-Eds welcoming you to yet another "global recovery."
Good luck to the US as the "decoupled source" of all global growth in the coming year.