Front page News Hiding Within The Stream of Headline Noise

Below is a classic example of front page news hiding within the stream of headline noise. Damn straight another crisis is coming. Nothing has changed. As long balance sheet valuation fibs pass as facts, time and greed will spawn another crisis within a series of interconnected crises.

Headline: Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives

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.

“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”

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 in different directions, volatility and equity market crises will occur, he said.

Source: bloomberg.com