The Dow rose steadily earlier in the month, as investors bet that the Federal Reserve would soon stop tightening money supply.

ECONOMIST: Jitters in the markets | The

But they have to understand that if Mr Ashdown never attacked them, his party would soon stop him doing business with them altogether.

ECONOMIST: Terms of engagement

As soon as the U.S. made it clear that we would stop trashing the dollar and would not go for Smoot-Hawley kinds of trade sanctions, the crisis passed.

FORBES: Fact and Comment