Mark Mobius, executive chairman at Templeton Emerging Markets Group
Richard Brian | Reuters
Market volatility and the next moves by central banks have to be watched “very carefully,” veteran investor Mark Mobius has warned, describing “crazy moves” in assets such as bitcoin as being driven by “disorientation and confusion.”
Market speculation over when central banks, and particularly the U.S. Federal Reserve, could begin to taper asset purchases, has been rife for months given a nascent recovery from the coronavirus pandemic and the specter of rising inflation.
Mark Mobius, founder partner of Mobius Capital Partners, told CNBC that central bank moves have to be watched closely.
“Any pullback in the money supply as a result of central banks pulling back will be, I think, very bad for the markets. So I think we have to watch this very carefully,” Mobius told CNBC’s Squawk Box Europe.
“We’re in a very uncertain time, that’s for sure,” he…