Mark Mobius: U.S. Failure to Raise Debt Ceiling Positive for Asian Stocks

By on July 26, 2011

Emerging markets guru Mark Mobius said if U.S. policymakers “don’t extend the debt ceiling it will be quite positive for the demand of other currencies” and emerging market stocks as investors seek diversification.  The odds of this actually occurring appear to be extremely low.

Mobius considers the best opportunities in the emerging world to be in Asia.  Mobius would buy Philippine stocks if prices dropped there.

Read More: SFGate

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