Tuesday, 31 May, 2011 1 Comment
In case anyone was in any doubt about where we are headed…”GET REAL!”. It was never a question of “if”, merely “when”.
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”
The sheer scale of the gamble of pumping so much new money directly into markets that were shown to be (at very least) morally corrupt, had failed so spectacularly yet STILL remain little changed, unpunished and unbowed, will only be apparent when it explodes in the face of the Political and Financial elites.
They will be held accountable for their actions by the rest of society upon who the economic and social burden of TBTF has, well and truly, fallen.
It is not only the financial bubble that will burst
- Banking: Understand the financial system first, regulate it and save $200bn p.a. for starters… (fitforrandomness.wordpress.com)
- Haldane & May: Systemic risk in banking (fitforrandomness.wordpress.com)
- Personalising systems, chaos and complexity (fitforrandomness.wordpress.com)
- Presentation: what stage in the cycle do YOU think we are at? (fitforrandomness.wordpress.com)