PIMCO's Mohamed El-Erian thinks Dominique Strauss-Kahn's arrest could lead to a sovereign default in the Euro Zone. He likens the IMF without DSK to an army without a general, and he wonders who is going to corral the European leaders in DSK's absence to stave off a Greek default. He also says he's not interested in the job personally. He shares some pretty negative thoughts on the U.S. outlook as well. Scary stuff:
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Me too
^ same here
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