Mobius: Another financial crisis is around the corner

T

turkeyneck

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.”

http://noir.bloomberg.com/apps/news?pid=20601010&sid=a5jyvkZhePUc
 
Quote from Mark Mobius:

The total value of derivatives in the world exceeds total global gross domestic product by a factor of 10
More...
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.
 
Quote from turkeyneck:
----Mark Mobius....
----executive chairman of Templeton Asset Management....
----emerging markets group....
----financial crisis is inevitable....
More...
1) When emerging markets turn into submerging markets.....look out below! :eek:
2) And by the way, is he fully invested? :confused:
 
You must log in or register to reply here.
Back
Top