Exactly correct. The U.S. can have economic problems, but as long we are still at the top, we remain at the top.

One of the more interesting reactions to the FOMC’s gloomy appraisal of the economic state of affairs is the surge of strength into the dollar and the corresponding tumble in the euro. The U.S. dollar index — which is heavily weighted to the euro — is up 1.8%. The euro is down against the buck to the tune of 2.1%, a giant move in the forex markets.

http://blogs.wsj.com/marketbeat/2010/08/11/oh-man-not-europe...