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The American Economy just isn’t looking upthese days. The growth rate for this quarter willprobably be close to zero. Unemployment is rising.The stock market remains sluggish. And now manyworry that the growing economic stagnation abroadwill affect the United States. With trouble spotsmultiplying around the globe, investors are alreadycoming to the conclusion that the safest place to puttheir money is in the U.S. A. How else to explain the gravity-defying feat ofthe dollar? By all economic logic, the dollar shouldfall when the Federal Reserve cuts interest rates.But as any American tourist knows, the greenback
The American Economy just is not looking upthese days. Unemployment is rising. The stock market remains sluggish. And now manyworry that the growing economic stagnation abroadwill affect the United States. With trouble spotsmultiplying around the globe, investors are alreadycoming to the conclusion that the safest place to puttheir money is in the USA How else to explain the gravity-defying feat ofthe dollar? By all economic logic, the dollar shouldfall when the Federal Reserve cuts interest rates.But as any American tourist knows, the greenback