May 30 (Bloomberg) -- Mark Mobius, executive chairman of Templeton Asset Managementâs emerging markets group, said another financial crisis is inevitable because the causes of the previous one havenât been resolved. âThere is definitely going to be another financial crisis around the corner because we havenât solved any of the things that caused the previous crisis,â Mobius said at the Foreign Correspondentsâ Club of Japan in Tokyo today in response to a question about price swings. âAre the derivatives regulated? No. Are you still getting growth in derivatives? Yes.â http://noir.bloomberg.com/apps/news?pid=20601010&sid=a5jyvkZhePUc
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.
1) When emerging markets turn into submerging markets.....look out below! :eek: 2) And by the way, is he fully invested?
He should be the Information Minister for Iran. The guy talks out of both sides of his ass. A clown. http://www.businessweek.com/news/20...s-not-cause-for-alarm-for-global-economy.html