Fink said that quick regulatory action helped stave off a wider crisis. He wrote that he expects a more divided world will interrupt supply chains and make inflation persistent and "more likely to stay closer to 3.5% or 4% in the next few years."Fink's annual letters to CEOs and investors, traditionally sent in January, have become a touchstone for corporate leaders as the New York firm he co-founded grew into the world's largest asset manager. It had $8.
He added that is "why BlackRock has been so vocal in recent years in advocating for disclosures and asking questions about how companies plan to navigate the energy transition," although it is not BlackRock's place to tell companies what to do.Fink said it was not clear yet whether the banking crisis precipitated by rising interest rates would claim more victims, but it seemed inevitable that some banks will now pull back on lending to shore up their balance sheets.
One sick dude
Man selling overpriced coffee warns of financial risks.
Thank you Satan, now get thee behind me
BlackRock is the crookedest financial institution there is
He wants the Fed to keep raising rates to kill smaller banks so he can swoop in and buy them for pennies on the dollar
🤣energy transition caused some of this BS!
Gonna be *former* CEO Fink soon
We don’t have inflation, we have extreme corporate greed masquerading as inflation
Quit manipulating the market.
Pfuk him. Slimy crook.
Hellove
Warns...translated...savers are about to experience a robust cut in their investments🧐🤔
Oh look at that, BlackRock saying something about finances rather than some social awareness bs.
Maybe he should work to increase competition, but that would mean BlackRocks funds performing worse...
How big is the Blackrock book that positions itself prior to Fink sharing his opinion with the Market
“Uh but ESG eh”
He knows
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