> alternative to US Treasuries. And if money stopped flowing into US bonds,
> wouldn't the dollar drop?
Not necessarily, if it keeps flowing into US stocks, real estate, etc. But the dollar will have to correct, sooner or later. The US manufacturing sector has been getting hammered, and BEA data shows corporate profits falling off a cliff, declining from 8.89% of US GDP in 2000, down to 6.81% in the 3rd quarter of 2001. Something's got to give, somewhere.
-- Dennis