Friday, January 18, 2008

Example

http://www.bloomberg.com/apps/news?pid=20601103&sid=aiPLSTmr.xe0&refer=news

"General Electric Co. said fourth- quarter profit rose 15 percent on higher international sales of jet engines and power-plant turbines."

The US is no longer the center of the world economy (thanks to George W. Bush). The EU and Asian economies now do pretty well all among themselves. Ironic, but not really surprisingly, American companies are profiting from this. And American markets rise, even as the dollar is forced downward.

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