The Dollar -

Someone sent out the hounds, using fear of a weakening dollar as propaganda against the administration's policies. Yet as I have mentioned before, problems persist in the global economy (especially the European part of it). All major currencies will have to devalue themselves in the coming months. As the business cycle continues its downward trajectory, wise big money investors will continue to see the dollar as a safe haven.

Scorecard: America still leading by a nose. Chinese horse soon to be disqualified for steroids. European entry suffering from anemia. Latin American horses unsure whether the race track runs clockwise or counterclockwise. Indian steed making gains. Vitamin-rich Canadian and Australians making promising strides. Poor, limping Japanese mount -- why can't it catch a break?