[lbo-talk] market logic: dollar rallies because rest of world circling drain

[Doug Henwood]

On Aug 8, 2008, at 10:37 AM, Julio Huato wrote:


> Doug wrote:
>
>> market logic: dollar rallies because rest of world circling drain
>
> Is it the "rest of the world" or the rest of the *Western world*?

No. Japan may well be in recession, Korea may not be far behind, and  
the Chinese economy is giving serious signs of slowing down.

Doug