October 1, 2007 (LPAC)--The suit set to assume the managing directorship of the International Monetary Fund Nov. 1 held a press conference in Paris today, displaying his mastery of world financial and economic reality.

As reported by Thomson Financial News, here are some of Dominique Strauss-Kahn's comments: "The U.S. mortgage crisis will certainly have some effect on growth. But I do not think that these effects, as far as we can measure them today...will be dramatic for growth." The crisis now seems to be under control, even if it is not yet resolved, he said.

"No doubt the year to come will be another year in which the emerging economies drive global growth." The world economy will still be growing at a "very creditable" rate at the end of 2008, he said. "The foundations of global growth are solid foundations." Strauss-Kahn said he does not have the "feeling" that the dollar is in collapse.

Strauss-Kahn, a former French Socialist finance minister, was backed for the IMF post by the Bush/Cheney regime. Russia had supported former Czech prime minister and central banker Josef Tosovsky. Strauss-Kahn was named as the new IMF managing director last Friday, to replace Spain's Francoist Rodrigo de Rato, who abandoned ship.