Black(Rock) Monday: Larry Fink and the $6.2 Trillion Liquidity Conundrum

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By CCN: Amongst the litany of bearish naysayers, one bullish voice still screams louder. Larry Fink, the CEO of the world’s largest asset manager – BlackRock – is sticking firmly to his forecast that there is no bogeyman waiting to slaughter the US stock market.

BlackRock Not Worried About Recession Battering Stock Market

BlackRock has 6.2 trillion reasons to downplay recession fears. | Source: Shutterstock

The billionaire investor made his comments to Handelsblatt. Mr. Fink, it seems, is not perturbed by the much-publicized “Fed Pause”:

“I see no signs of a global recession in the coming 12 months… The central banks have loosened their policy above all because of the weak fourth quarter of 2018. We will go through a phase in which things are not great but also not bad.”