nope.
Economy was 'great' in the 90's because we just got out of the 80's energy crisis. and we 'westerns' had China and the far east for our cheap employee supplies.
now the far east wants it's share of the cake, and the American economy, being the 'spend all you can and make the charts look great by bending every basic law of finance' that it is, falls harder, and drags the rest of the world with it.

Energy crisis isn't that special, the bubble burst because crap was running for far too much time, and now it's time for things to get normal again.