Mobius: New financial crises around the corner

It’s a very simple story. We haven’t solved the causes of the previous crises.
The total value of derivatives in the world exceeds total global gross domestic product by a factor of 10, said Mobius, who oversees more than $50 billion. With that volume of bets (Credit Default Swaps) in different directions, volatility and equity market crises will occur.

R. de Haan

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5 Responses to Mobius: New financial crises around the corner

  1. R. de Haan says:

    5$ gas comming says Goldman Sachs.

  2. Brian says:

    Alan called it completely right. Should have let the rot burn itself out. It’ll be much worse now than it otherwise would have been.

    Unfortunately the MSM and the government are full of idiots without principles. They had no clue what to do. Why there wasn’t more of a backlash among them when all the BS told to pass TARP was revealed to be blatant lies is beyond me. Even idiots & whores usually don’t like it being made clear that they’re being treated like idiots & whores. Usually.

  3. R. de Haan says:

    Complete Euro Debt crises forward calender

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