Mark Mobius from Franklin Templeton:
“One of the biggest risks I see in the year ahead is the ability of politicians in developed markets to take timely, meaningful action to address fiscal policy. If politicians can’t work together and delay any real action, there is a risk that both the U.S. and Europe could slide into recession, erasing much of the gains we generally saw in global equity markets in 2012.”
Read more at 2013 Emerging Markets Outlook | Mark Mobius Blog Investment Adventures in Emerging Markets.