Who is Mark Mobius?
Mark Mobius oversees $50 billion in investments is optimistic on the global economy and he sees euro crisis ending by June 2012.
Mark Mobius on Eurozone Crisis
Mark Mobius, who is Franklin Templeton executive sees Europe's debt crisis to be resolved in the middle of next year and this statement can bring a ray of hope for the global markets.
He further added that size of derivatives contracts tied to European sovereign debt offered real risks to investors. "The European crisis isn't as deep and terrible as people think," Mobius was quoted as saying by Valor. "Nations there are in a process of negotiations and that takes time."
Mark Mobius on Brazil Economy
He is very optimistic on Brazil and says that it is in a very good situation as he feels that they have a strong consumer base and economic diversification will prove crucial to Brazil's resilience if things worsen globally. The country "is a little like the United States. They can isolate themselves from crises since they have a big consumer market, they produce raw materials, they have industry and agriculture," Mobius said in the interview.
Mark Mobius on Chinese Economy
While the Chinese economic expansion will likely continue at elevated rates, there is concern over the potential formation of bubbles in the real estate market in the world's second largest economy, Mobius told Valor. China is Brazil's largest trading partner.
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