Jul
11
Mobius Says Trade War Is Just a Warm-Up Act for Financial Crisis
By-
End of cheap money will cause a crunch, says veteran investor
- EM stocks will probably fall another 10% by year-end, he says
For Mark Mobius, there may be worse to come even after the U.S. fired new shots in its trade war with China: a further 10 percent drop in emerging-market stocks and a global financial crisis.
“There’s no question we’ll see a financial crisis sooner or later because we must remember we’re coming off from a period of cheap money,” the veteran investor in developing nations said in an interview in Singapore. “There’s going to be a real squeeze for many of these companies that depended upon cheap money to keep on going.”…
Mobius Says Trade War Is Just a Warm-Up Act for Financial Crisis
