BlackRock's Fink: Inflation Will Be Sticky, But That'll 'Help' Since Wages Are Rising, Food 'Moderated' -- It Was Bad Before
"BlackRock CEO Larry Fink said that he thinks "we're going to have higher inflation than most people believe, and much of that is going to help those people who are worried." | Clips
During an interview aired on Tuesday’s broadcast of CNBC’s “Mad Money,” BlackRock CEO Larry Fink said that he thinks “we’re going to have higher inflation than most people believe, and much of that is going to help those people who are worried. Wage inflation is continuing. Food inflation has moderated in the last six to 12 months.” But we failed to account for how bad it was in late 2022 and early 2023.
He must have been dizzy from all that spinning. Can you really trust a Fink ?
I thought inflation was transitory? And how does inflation help the people that are hurting?
This guy runs a 10 trillion $ finance company? When does the pain stop?
The pain stops when this Fink and others like him are held accountable and feel real pain.
I don’t know. If bitcoin runs…. Blackrock will be wealthier.