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

Updated : May 22, 2023 19:01
|
Editorji News Desk

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.

Recession

Recommended For You

editorji | Business

Bangladesh Government Plans to Renegotiate Power Deal with Adani Power, Citing Unfair Terms

editorji | World

New Zealand falls into recession with abrupt economic slowdown

editorji | Business

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

editorji | Business

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

editorji | Business

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks