Posted on 12/09/2022 9:19:28 AM PST by bitt
Blackrock is saying to get ready for a recession like no other.
We’ve been warned for some time. The world is facing recession, the IMF declared.
The famous investor who made real money from the 2008 market disaster is warning about a recession in the US as well. Michael Burry saw the 2008 disaster coming and he is saying it again.
Joe Biden told us we aren’t in a recession. He says that it so it must be true, right?
So what really is going on?
According to one of the largest investment firms in the world, the economic outlook for the US and the world is not good for 2023.
Blackrock says a global recession is coming.
A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation — and this time, it will ignite more market turbulence than ever before, according to BlackRock.
The global economy has already exited a four-decade era of stable growth and inflation to enter a period of heightened instability — and the new regime of increased unpredictability is here to stay, according to the world’s biggest asset manager.
That means policymakers will no longer be able to support markets as much as they did during past recessions, a team of BlackRock strategists led by vice chairman Philipp Hildebrand wrote in a report titled 2023 Global Outlook.
“Recession is foretold as central banks race to try to tame inflation. It’s the opposite of past recessions,” they said. “Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don’t yet reflect the damage ahead.”
This is not good news when companies are laying off, inflation is at 40-year-highs and Americans are building up credit card debt while most businesses are behind on their heating bills already.
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Just wait until China collapses. That’ll be fun.
All those “help wanted” signs are about to come down.
a piece of bread could buy a bag of gold.
The Dollar is on the way out as the world reserve currency. No more printing huge amounts of money. That will sober them/us up.
Biden doesn’t care!
Given 7% Biden inflation, 7% money is basically interest free in real terms.
Again, based on the mid terms, this apparently isnt a problem. Nor is the minor up tick in crime. 🤡s
Never let a crisis go to waste —> What they are planning is plain as day. ESG followed quickly by your personal social credit score and then total global communism.
So Blackrock is predicting a really bad recession. I’m sure the Biden administration will react appropriately. And by that I mean they’ll order the FBI to raid Blackrock offices.
And a SWAT raid of the Blackrock president’s home wouldn’t hurt, either.
Right...the biggest issue to our wonderful youngsters is having the ability to abort a baby.
+1
Blackrock is one of the investment giants that will have caused it. Focusing on so-called “green energy” investments while cutting off financing for projects that produce dependable oil and natural gas production. Not until Blackrock jettisons woke ESG like Vanguard reportedly did will we avoid the pitfalls of Biden’s support of the “Green New Deal.”
Yeah, my thought too. If they really knew it was coming, they would just short, not tell everyone.
Where is all the money?!!! We all know that we the people don’t have it. its all so very sickening.
Regardless if the Biden Team’s Student Loan Forgiveness plan gets upheld by the courts or not, I am expecting that student loans will again be allowed to be discharged under bankruptcy as a result of what’s coming economically. Just my two cents.
“THE SKY IS FALLING...THE SKY IS FALLING”
He came up with a great financial product but turned it bad with ESG. Blackrock’s Stinking Communist FINK.
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