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Wednesday, June 1, 2011

Billion Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic Problems, So We'll Have Another Crash http://www.blacklistednews.com/Billion_Dollar_Fund_Managers_Agree%3A_The_Government_Never_Fixed_the_Underlying_Economic_Problems%2C_So_We'll_Have_Another_Crash/14111/0/0/0/Y/M.html

While the snake oil salespeople at the retail investing level and the bobble heads on the kool aid selling financial channels have been saying for years that we're in a "recovery" (albeit a slow one), billion dollar fund managers say that nothing has changed and we'll have another crash.

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 ...“Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”

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