Tuesday, May 31, 2011

The causes of the previous financial crisis have not been resolved

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 on Monday (30 May 2011) in response to a question about price swings.

Just as Marc Faber is the perma-bear, Mark Mobius is the perma-bull. To have him say such a thing, definitely he is very sure of it. But if we think about it, why not, since, it is only natural that things go from good to bad, and then back to good. So, it is only logical that Mobius said "with every crisis comes great opportunity, when markets are crashing, that's when we're going to be able to invest and do a good job."

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