We need to see imports soften off if we are ever going to solve the current account deficit problem. That's why we've seen the currency respond to the wider deficit. It's worrying that the current account deficit will stay large.

These imbalances, reflect in part in the rising US deficit as well as the massive surplus in China's current account, pose a threat to international trading relationships upon which much of the recent global prosperity has been built.

That may solve the problem.

The story of the current account deficit allowed traders and analysts to justify any currency prices. Sentiment got overly bearish on the dollar.

We are amidst a soft patch that may turn out to be recessionary.

I can't be part of your equation. But I rather want to solve your problems.