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Saint Paul Pioneer Press, Minn., Real World Economics Column.

By Edward Lotterman, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News

Jul. 13--Columnist Forecasts of economic apocalypse usually are -- like antemortem reports of Mark Twain's death -- greatly exaggerated.

Think back a couple of months to when reports of the declining value of the U.S. dollar were making headlines. Many journalists instinctively report such declines in our currency's value as bad news. However, academic and industry economists whose views were cited in news reports generally were more sanguine.

They noted

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