IMF head: Dollar could collapse

Cory Doctorow 8:24 am Wed Oct 24, 2007

Uh-oh. The outgoing head of the IMF thinks that the dollar might collapse:

"There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss of confidence in dollar assets," Rato said at the close of annual meetings here of the IMF and the World Bank.

The outgoing IMF managing director spoke here as the European single currency hit a new high of 1.4347 dollars and global equity markets plunged amid renewed fears a US credit crunch could pitch the world's biggest economy into recession.

Link

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