... linked the strength of the dollar to the strength of the econ- omy and to the interest rate differential. When the dollar refused to weaken, the last of the trend fighters gave up and the exchange ... curities and the ,moFgage insurance companies were on the hook. The potential liability exceeded the assets of some of the insur- ance companies in question, and if they cannot meet their obli- ... result, they could report substantial earnings gains, and some of them actually increased their dividends in 1 983 . Ironically, the formation of the Collectives, and the permissilre attitude of the...