Financial Crisis Inevitable

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, therefore, by definition unflattened, the risk of the implosion of a financial system eleven times the size of production remains severe.

[Link: Bloomberg]

 

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