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Key Words: Mark Mobius warns that the trade war is a prelude to the next financial crisis

‘There’s no question we’ll see a financial crisis sooner or later because we must remember we’re coming off from a period of cheap money. There’s going to be a real squeeze for many of these companies that depended upon cheap money to keep on going.’

That’s the latest warning issued by veteran investor Mark Mobius, who told Bloomberg in an interview Wednesday that the worst may be yet to come in the wake of Trump’s latest round of tariffs on Chinese goods.

And what does he mean by “worst?”

Mobius is looking for another 10% drop in emerging-market stocks and, ultimately, a financial meltdown at home and abroad.

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