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Strategies & Market Trends : The coming US dollar crisis
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To: Giordano Bruno who wrote (35147)2/10/2011 8:50:40 PM
From: ggersh  Read Replies (1) of 71456
 
Makes sense, but the IMF?

“Global imbalances are back, with issues that worried us before the crisis - large and volatile capital flows, exchange rate pressures, rapidly growing excess reserves - on the front burner once again,” Strauss-Kahn said. “Left unresolved, these problems could even sow the seeds of the next crisis.”

“When we worry about the deficiencies of the international monetary system, we are mostly worrying about volatility,” he added. There is “a sense that money sometimes flows around the globe in too-volatile a fashion and that countries need a more stable, more predictable external environment in order to prosper”, he said.
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