The American debt ceiling has been hit and all hands are on deck trying to postpone a payment….
Sound the alarm!
Reuters report here;
That’s what the Chinese have wanted this whole time. They just may buy a little bit more of our securities to account for some more of our gold reserves.
if not, not to fret, American John Lipsky is the acting managing director of the IMF until all this plays out.
You can read about the possible candidates to take over the IMF here;
A lot can happen in a day, especially when your in charge.
DSK said it himself;
“I like women…. so what!?”
Dominic Strauss Kahn has been incarcerated at rikers island and denied bail for a sexual assault charge on the maid of his Manhattan penthouse. This happened on American soil the weekend before the US debt ceiling was hit on Monday.
Markets may be erratic until all this plays out.