Blackrock The CEO of INC. said. Larry Fink said that most CEOs talk about the belief that the United States is in a stagnation, warning that stock markets may decrease more with President Donald Trump’s policies to destroy the global economy.
“The economy is weakening while we are talking,” Fink, 72, said in an interview on Monday at the New York Economic Club, adding that he expects more economic slowdown in the coming months.
Fink said it is possible that inflation will rise, which is suspicious of federal reserve reduction rates several times this year. An example of the fears that excel, Fink said he had already heard from the airline executives about the decline in demand for travel.
“Most of the executives I talk to say we are likely to be in a stagnation at the present time,” Fink said.
Global stock markets have been paved for sale last week, as they eliminated trillions of value after President Donald Trump revealed an unexpectedly unexpected groupSweeping and complexDefinitions. Investors threw risks and raced to buy bonds, and search for safety and betting on the federal reserve to reduce interest rates.
“I would like to say in the long run, this is the opportunity to buy more than the opportunity to sell,” Fink said. “This does not mean that we cannot drop another 20 % from here too.”
The US dollar is likely to weaken and consumption decreases as consumers and the wider economy adapt to the volume of customs tariffs, according to Fink.
In the long run, Fink said he believed Trump will focus on the growth agenda.
“The biggest danger”
MarketsContinue the calendar on MondayWhile the VIX, or the scale of fear, rose to the levels of the epidemic. Jpmorgan Chase Jimmy Damon, CEO of Co. Without a quick decision, there will be there“Disaded” breakdownFrom the long -term economic alliances of the nation.
Even before the sale of last week, Fink commented on the economic anxiety that is spreading in the economy. There is more uncomfortable about the economy more than “at any time in modern memory”, it isHe said in his annual messageFor investors last month.
In January, Fink said the belief that we “crossed the high inflation point” is “The biggest dangerWe have all over the world. “
Blackrock managed 11.6 trillion dollars from December 31, and the company committed nearly $ 30 billion over three acquisitions last year to pay to private markets. The company will report the profits of the first quarter on April 11.
This story was originally shown on Fortune.com
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