It’s one of those strange paradoxes of the modern economy. When things go to hell, everybody flocks to the dollar — even when the hell began right here in the US.
Of course, it’s not really a paradox. When the US economy catches a cold, Europe’s gets a fever, and everybody else gets one of those nasty sinus infections when it looks and feels and sounds like you’re coughing up brain tissue.
Why? Because despite all our problems, we still have the freest, most dynamic economy in our weight class — which means we might be the first to get into trouble, but we’ll go in less deep and stay in for a shorter time.