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rfranklin

(13,200 posts)

1. Not just possible but inevitable....

Reply to Bozita (Original post)

Thu Mar 1, 2012, 12:18 PM

Mar 2012

The Next Financial Crisis Will Be Hellish, And It's On Its Way

“There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis...”

....Estimates on the amount of derivatives out there worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius’ guess of 10 times the world’s annual GDP. “Are the derivatives regulated?” asks Mobius. “No. Are you still getting growth in derivatives? Yes.”

In other words, something along the lines of securitized mortgages is lurking out there, ready to trigger another crisis as in 2007-08.

-more-

http://www.forbes.com/sites/greatspeculations/2011/06/01/the-next-financial-crisis-will-be-hellish-and-its-on-its-way/

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Highlight:

Lehman Brothers examiner says it could happen again [View all] Bozita Mar 2012 OP

Not just possible but inevitable.... rfranklin Mar 2012 #1

billions of shares traded on misinformation LiberalAndProud Mar 2012 #2

Disinformation is not as good as datinformation... Fumesucker Mar 2012 #4

kick for the night shift Bozita Mar 2012 #3