Business
BlackRock CEO Larry Fink warns investors are in for a ‘pretty big shock’ as inflation fears grow – The Sydney Morning Herald
The chief of the world’s biggest money manager says that markets may be underestimating the potential for a spike in inflation.
BlackRock chief executive officer Larry Fink said that investors may be underestimating the potential for a spike in inflation.
Most people havent had a forty-plus year career, and theyve only seen declining inflation over the last 30-plus years, Fink said at a virtual event hosted by Deutsche Bank. So this is going to be a pretty big shock.
BlackRock chief Larry Fink says investors who havent experienced periods of high inflation could be in for a big shock.Credit:Bloomberg
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