Templeton's Mobius Sees High Degree of Uncertainty, Volatility

Sunday, 07 Aug 2011 07:50 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Mark Mobius, executive chairman of Templeton Emerging Markets group, said on Sunday he sees a high degree of uncertainty and volatility in financial markets in the wake of Standard & Poor's decision to downgrade the U.S. credit rating.

Mobius warned that the U.S. dollar's role as an anchor to the global investor community is deteriorating and said emerging market currencies and stocks could become safe havens.

"The initial reaction will be a high degree of uncertainty and thus volatility since investors will not know where to turn for safety," said Mobius, whose unit oversees $50 billion in emerging market assets.

"During the sub-prime crisis, safety was in U.S. dollars and U.S. Treasurys. Now that anchor to the global community is deteriorating," he said in an email to Reuters.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Secret Service Chief Says White House Breach 'Unacceptable'

Tuesday, 30 Sep 2014 10:49 AM

The head of the Secret Service took responsibility Tuesday for security lapses at the White House, saying a recent intru . . .

Rick Perry: Oklahoma Beheading Was Terrorism

Tuesday, 30 Sep 2014 10:32 AM

Texas Gov. Rick Perry is calling on the Obama administration to take a deeper look into a beheading at a food plant in O . . .

Congress Must Act or Dozens of Tax Breaks to Expire at Year's End

Tuesday, 30 Sep 2014 10:24 AM

While it will be termed a lame-duck session, when Congress returns to business following the election, they have a packe . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved