Dollar So Ripped, It Might Actually Rip

摘要

The headlines are full of scary reports about the dollar's rise to a 14-year high against a basket of six major currencies. Its strength will hurt U.S. manufacturing while triggering capital flight from emerging markets, economists say. The appreciation "is a real serious noose around the neck of the global economy," David Beckworth, a senior research fellow at the Mercatus Center at George Mason University in Arlington, Va., said in November.