Mark Mobius: The trade war is a prelude to the next financial crisis

The veteran investor, Mark Mobius, has one warning for investors who quickly forgot what happened in February with the indexes.
According to the expert, the trade war between the US and China is a precursor to the next financial crisis. Still, worst in US-China relations is ahead, in the light of the imposition of new tariffs on Chinese goods worth more than 200 billion dollars.
The worst is yet to come, commented Mobius in an interview with Bloomberg.
What does Mobius mean by "the worst"?
Mobius expects a further 10% decline in emerging markets and, ultimately, a financial crisis in the US and around the world.
According to him, tensions between the US and China will rise, with Trump not giving up on his plans to impose tariffs. Inflationary pressures will rise from wage growth in an environment of full employment in the world's largest economy, says the investment expert.
Good news, according to Mobius, is that damages to stock markets will eventually be a good opportunity to buy. He himself is currently raising his capital to take advantage of these potential opportunities in the future.