US economy on a stronger growth path compared to the rest of the world – the US dollar may have bottomed
Peter oberois
Feb. 13, 2008

Confidence in the global economy fell for a third month in February as the slowdown in the U.S. spread to Europe and Japan. Retail sales in the U.S. unexpectedly rose in January as Americans spent more on cars, clothes and gasoline, a sign that the biggest part of the economy is holding up even as the housing slump deepens.

The 0.3 percent increase followed a 0.4 percent decrease the previous month; the Commerce Department said today in Washington. Excluding automobiles, purchases gained 0.3 percent after a 0.3 percent decline in December.

The dollar may bottom and is on the rise for next several years.

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US economy on a stronger growth path compared to the rest of the world – the US dollar may have bottomed
Peter oberois
Retail sales in the U.S. unexpectedly rose and confidence in the global economy fell for a third month in February as the slowdown in the U.S. spread to Europe and Japan.
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