iBankCoin
Joined Nov 11, 2007
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Mark Mobius: Global Derivatives Exceeds 10 x Global GDP…With That Volume of Bets There Will Be Volatility and an Equity Crises

“In an almost verbatim repeat of Carl Icahn’s words of caution which we noted yesterday, Templeton’s legendary chairman Mark Mobius said that “another financial crisis is inevitable because the causes of the previous one haven’t been resolved” during a luncheon (menu included herb crusted chicken breast with cheese and tomato sauce, mashed potato and green vegetables, seasonal salad) at the Foreign Correspondents’ Club of Japan in Tokyo. Bloomberg reports: “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,”

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One comment

  1. kedzilla

    Never believe a man who eats a seasonal salad

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