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‘Don’t see U.S going into a recession anytime soon’, says billionaire investor Mark Mobius

Name: ‘Don’t see U.S going into a recession anytime soon’, says billionaire investor Mark Mobius
Uploaded: 2023-05-22T19:01:19.000+05:30
Duration: T02M32S
Channel: Editorji News Desk
Description: In this exclusive conversation, billionaire investor Mark Mobius tells Editorji’s Vikram Chandra that while there have been a number of banks in the U.S which have gone under, the Fed was very fast to bail out the deposit...

In this exclusive conversation, billionaire investor Mark Mobius tells Editorji’s Vikram Chandra that while there have been a number of banks in the U.S which have gone under, the Fed was very fast to bail out the depositors.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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‘Don’t see U.S going into a recession anytime soon’, says billionaire investor Mark Mobius

Billionaire investor Mark Mobius is of the view that a recession in the U.S is an unlikely scenario. Mobius does highlight the big risk and problem that a failure of the U.S banking system would be, however points out that while there have been banks that have gone under, the Federal Reserve reacted very quickly by arranging mergers and coming to the rescue of depositors.

Mobius also talks about the credit card debt in the U.S which he calls ‘quite incredible’ as well the mortgage market which he also says is a problem. However, Mobius believes that there is enough money in the system to finance these problems.

Frequently Asked Questions

What is Mark Mobius's view on the likelihood of a U.S. recession?❯

Mark Mobius believes a recession in the U.S. is an unlikely scenario anytime soon.

What problems does Mark Mobius identify in the U.S. economy?❯

How did Mark Mobius describe the level of U.S. credit card debt?❯

What was the Federal Reserve's response to recent U.S. bank failures?❯

Why does Mark Mobius believe the identified economic problems can be financed?❯

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‘Don’t see U.S going into a recession anytime soon’, says billionaire investor Mark Mobius

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