Financial crisis inevitable
Tuesday - May 31, 2011.
by Georges van Hoegaerden
Filed in: Macro
- 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. Amen Mark, as long as our financial systems are not free-markets and therefor by definition unflattened, the risk of implosion of a financial system eleven times the size of production remains severe. [Link: Bloomberg
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