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You are here : World News – Russian opinion» Economy» Inventory markets will fall dramatically if US election outcomes contested, Mark Mobius warns

Inventory markets will fall dramatically if US election outcomes contested, Mark Mobius warns

Posted By Russian Opinion. Under Economy  Tags: ‘dramatically’, contested, election, Fall, Mark, Markets, Mobius, results, stock, Warns  

Fairness markets is not going to like a disputed end result of the US presidential election, and will react with a “dramatic fall,” mentioned Mark Mobius, a veteran investor and founding companion of Mobius Capital Companions.

“That’s an actual problem and an actual drawback,” Mobius advised CNBC on Friday, including that if the eventual winner will not be finalized till weeks or months after the November three vote, “Then we’re actually in hassle. The markets is not going to prefer it and also you’ll see an actual correction or possibly a dramatic fall available in the market. So, that’s a really, very massive drawback.” 

Based on the investor, such an end result may occur if a candidate deemed to have misplaced the election refuses to concede, or if he questions the legitimacy of the outcomes. How a lot the markets would fall would depend upon how lengthy the dispute lasts, Mobius mentioned.

Additionally on rt.com

FILE PHOTO © Global Look Press /dpa / Oliver Berg
Biden victory may gas US money-printing & inventory market bubble – Peter Schiff

He defined that if the dispute is taken to the Supreme Court docket, the method of figuring out a winner could possibly be “drawn out” and create extra uncertainty, which markets “hate.”

The 84-year-old fund supervisor identified Trump win is a extra “favorable” end result for the markets and “It’s actually all about tax.” 

“As you recognize, Trump is promising one other main tax reduce. The Democrats haven’t mentioned that, they usually plan to lift tax on the so-called wealthy folks and on firms. So, that’s actually the massive, massive problem going ahead,” mentioned Mobius.

For extra tales on economic system & finance go to RT’s enterprise part

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