October 20, 2008

LET'S SEE IF WE HAVE THIS STRAIGHT...:

Against the Odds, Financial Crisis Helps Stimulate the Dollar (JOANNA SLATER, 10/20/08, Wall Street Journal)

Rather than sinking under the financial-sector bailout, the greenback is buoyant. That is a surprise to many who expected rising government spending and a tanking U.S. economy to cripple the dollar.

Instead, the dollar has benefited from the global flight from risky assets as well as the unwinding of bets made with borrowed cash. The scope of the crisis also has helped: It is clear that economic and banking woes aren't unique to the U.S.


...a storm blows in and you're surprised folks head for the safest harbor?

Posted by Orrin Judd at October 20, 2008 7:00 AM
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