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.
Everything I am reading predicts a short and mild recession. Employment is good, jobs are plentiful, layoffs are only happening in certain sectors, inflation has peaked and is trending down though some times it has been up.
Well it is a right being infringed after all. /S
Promise, prediction, or threat?
China’s import and exports just fell to pandemic 2020 lows. They are in a controlled but harsh recession. Europe is in shambles. The articles saying the worst is behind us, soft landing, … are a fools hope / pipe dream. Hold on everyone, put your seatbelts on there is turbulence ahead. Have cash to buy in the low points but this may be a 10 year cycle of low growth once the bottom hits.
Much like you sometimes need bad tasting medicine, this economy probably needs a deep recession to address the inflation monster and low worker productivity issues.
I think you mean-
A DAYS WAGES for a loaf of bread-
SEE Revelation
That may be true in some esoteric investing sense but inflation affects ordinary, main street people in the rising costs of staples, one month to the next.
Blackrock is becoming more a political interest than financial.
Like Goldman-Sucks, if they can get people to panic and sell they will buy all they can get after they have sold short for some mad money.
I won’t even own a Blackrock ETF. There are others with cheaper maintenance cost that do the very same things.
Isn’t that nice of Blackrock. They are part of the problem.
“Everything I am reading predicts a short and mild recession. Employment is good, jobs are plentiful, layoffs are only happening in certain sectors, inflation has peaked and is trending down though some times it has been up”.
Yeah, everything is just peachy.
The people causing the economy collapse will be there to rescue us later, but we will have to give up a few things.
One reason: China may have just bought the entire output of the Gulf states in a US$30 billion dollar deal with all of them.
Yeah, everything is just peachy.
I have been through really bad recessions, really struggled. This is not one.
Got it....Let’s Go Brandon....except you mean it.
The sky is blue, it’s Democrat blue in your world.
Well, democrats and their criminal goons have been working for years to ruin every economy in the world. So how can this be a surprise?
Attack sand energy choices, limit fertilizer use, encourage senseless wars and BOOM - the economies fail. George Soros has them all shorted - and blackrock probably too. So not everyone will be hurt. John Kerry, commies, Soros, corrupt white liberal ‘elites’... all the old gang will do just fine.
I think you don’t get it.
umm...
No I meant what I said.
It’s a reference to an old song lyric that I recall.
https://www.azlyrics.com/lyrics/dctalk/iwishwedallbeenready.html
They are like snowflakes. No two recessions are the same.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.