IMF Warns on Dollar

Nothing either especially surprising or especially new in this, except that the IMF has seen fit to say it.

Large and growing U.S. budget and current account deficits raise the risk of an abrupt drop in the value of the dollar, which could hit U.S. and global economic growth, the IMF said on Wednesday. "Although the dollar's adjustment could occur gradually over an extended period, the possible global risk of a disorderly exchange rate adjustment, especially to financial markets, cannot be ignored," the International Monetary Fund warned in a new report on Washington's fiscal stance. "An abrupt weakening of investor sentiment vis-a-vis the dollar could possibly lead to adverse consequences both domestically and abroad," particularly since U.S. debts to the rest of the world are at record highs, the fund said.
Source: Yahoo News

As you can see from the lack of posts it has been a busy day. I will try and dig out the IMF original tomorrow.