It seems to be spreading.

The Times - The dollar’s in decline. Great news!
Critics think it’s in a crisis, but in reality America is in decent health, by Gerard Baker

If you’re still sceptical, ask yourself this: is it probable that the shift in the relative value of the dollar and the euro represents a bet by the world’s investors that Europe — strike-torn, productivity-challenged, demographically doomed Europe — is the world’s economic future, rather than the US, or, let’s say, China?

Hm.

Date: Nov 23rd, 2007 · Comments RSS · Tags: Geography and Foreign Affairs