[copious.abundance]

>>> NY Times <<<

Appeal of the Dollar Adds to the Pain of Ailing Nations
By PETER S. GOODMAN
Published: March 8, 2009

As the world is seized with anxiety in the face of a spreading financial crisis, the one place having a considerably easier time attracting money is, perversely enough, the same place that started much of the trouble: the United States.

American investors are ditching foreign ventures and bringing their dollars home, entrusting them to the supposed bedrock safety of United States government bonds. And China continues to buy staggering quantities of American debt.

These actions are lifting the value of the dollar and providing the Obama administration with a crucial infusion of financing as it directs trillions of dollars toward rescuing banks and stimulating the economy, enabling the government to pay for these efforts without lifting interest rates.

[...]

[Sixstrings]

It's a bit of good news for us Americans, bad news for the rest of the world. I saw an article earlier in the UK Times talking about a significant "correction" of the Euro to happen within two months or so.