Mobius: ‘Next financial crisis is imminent’ - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Mobius: ‘Next financial crisis is imminent’
Started:November 21st, 2011 (05:58 PM) by kbit Views / Replies:406 / 0
Last Reply:November 21st, 2011 (05:58 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Mobius: ‘Next financial crisis is imminent’

Old November 21st, 2011, 05:58 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Mobius: ‘Next financial crisis is imminent’

Mark Mobius doesn’t have a reason to exaggerate when it comes to money. He’s the man behind a $50 billion operation and has been involved in economics for nearly half a century. That’s all the more reason, actually, that you should listen to him.

According to Mobius, things are going to get a lot worse before they get better. Speaking to Forbes this week, Mobius, chief of the emerging markets department at Templeton Asset Management, said that “there is definitely going to be another financial crisis around the corner.”

The reason? “We haven’t solved any of the things that caused the previous crisis.”
Mobius says that unregulated derivatives growing exponentially are going to bankrupt the globe. It’s what caused the last major recession, and with $600 trillion in derivatives around now without anyone really overseeing them, Mobius says that a crisis is imminent.

As a crisis is already apparent in the Eurozone, the crumbling economy across the sea is only a few cracks away from causing a global disaster — and Mobius says that mismanagement and the lack of oversight regarding the derivatives is only expediting that fall out.

He’s not the only one either.
Only two weeks ago, noted American economist Nouriel Roubini warned that the probability of a complete breakdown in Europe was almost certain, and a domino effect would collapse the American markets immediately as a response. “If the Eurozone blows up, it all gets worse,” party guests say Roubini lectured from a private event earlier this month. Days later, Roubini warned of a collapse coming towards Goldman Sachs and Morgan Stanley from his Twitter account.

Mobius: ?Next financial crisis is imminent? — RT

Reply With Quote
The following user says Thank You to kbit for this post:

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Mobius: ‘Next financial crisis is imminent’

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Winners and losers from the financial crisis kbit News and Current Events 0 November 1st, 2011 02:39 PM
TELEGRAPH: Financial Crisis Is Worst The World Has Ever Faced kbit News and Current Events 0 October 6th, 2011 09:00 PM
US Is Nearing Even Worse Financial Crisis: Jim Rogers Quick Summary News and Current Events 0 June 8th, 2011 08:00 PM
All the Bank Investigations After The Financial Crisis kbit News and Current Events 0 May 25th, 2011 02:08 PM
Strains From Financial Crisis Were Worse Than Understood Quick Summary News and Current Events 0 December 1st, 2010 06:20 PM

All times are GMT -4. The time now is 11:17 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-22 in 0.07 seconds with 19 queries on phoenix via your IP