In October 2008 Mobius said: The worst is almost over - then things REALLY got bad

MM: ...disagreed with pundits forecasting a long recession or depression.

SHOOT: On this site I maintained that Mobius was mistaken? But who am I? Someone with a few semesters in Economics, and an extreme theory called 'Peak Oil'. And since we [well, you] all wanted to believe that, we [well, you] did. But wanting something and reality are well...quite different, aren't they? While economists talked up the market, based on nothing, they did blip upwards, lost their way, and were drawn down by fundamentals. That continues to be the case. What else can you expect after having Trillions wiped off the markets, and capital disappearing. In a world where cars and homes and every other large purchase [flat screen televisions, even clothes] are purchased on debt, how can you expect to grow when credit markets are dead?

Crash Of 2008 Now Worse Than Crash Of 1929

clipped from www.nickvanderleek.com Mobius: "The worst is almost over." NVDL: Remember this quote in a few months. ATHENS — Stock markets are close to bottoming out as the global financial storm has beaten valuations down to very cheap levels, emerging markets investment guru Mark Mobius said yesterday. “We are getting close to bottoming. We will bounce up and down for a while; there are a lot of stale bulls waiting to get out. Markets will rally, then get hit again. There may be another 10%-15% downturn,” Mobius, executive chairman of Templeton Asset Management, which has about $30bn under management, said in an interview. He said the financial crisis was not the worst he had seen in emerging markets and disagreed with pundits forecasting a long recession or depression.