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

Ex-Adviser Sayfie: Jeb Bush Would Be 'Great President'

Monday, 20 Oct 2014 17:17 PM

Will former Florida Gov. Jeb Bush run for the 2016 Republican presidential nomination or won't he? Even one of his most  . . .

Pentagon Uncertain If Airstrikes Crippled Khorasan Group

Monday, 20 Oct 2014 16:49 PM

It remains unclear whether a series of targeted airstrikes have been successful in knocking out the small but fierce Kho . . .

Michael Barone: GOP in November Driver's Seat, but No Shoo-in

Monday, 20 Oct 2014 16:47 PM

Republicans look good two weeks before the midterm elections , but their retaking of the Senate is still not a sure thin . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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