Mobius: Another financial crisis is around the corner

Discussion in 'Wall St. News' started by turkeyneck, May 31, 2011.

  1. May 30 (Bloomberg) -- Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.

    “There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”
  2. sle


    I think he means notional value which is meaningless - a billion dollars of curve options or eurodollar options is small trade, actually... what an ass, or, more probably, a really-really smart pundit talking his book.
  3. Hes invested in every bubble country on earth..
  4. i do believe that you are correct.
  5. 1) When emerging markets turn into submerging markets.....look out below! :eek:
    2) And by the way, is he fully invested? :confused: