Debt Avalanche Ahead: BlackRock CEO Sounds the Alarm on U.S. Economy Larry Fink, CEO of BlackRock, has issued a dire warning about the U.S. debt crisis, stating it’s more urgent now than ever. Fink emphasized that neither taxes nor spending cuts alone could solve the problem, likening the potential future to Japan’s economic stagnation in the late ’90s. He highlighted the danger of rising debt servicing costs, making it tough to combat inflation. Fink calls for economic growth through infrastructure investments, particularly in energy, to avoid a looming debt catastrophe. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. GDP Surges 2.8% in Q2, Outpacing Expectations as Inflation Eases READ MORE US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead READ MORE Morgan Stanley Warns De-Dollarization Could Spell Trouble for US Stocks READ MORE Labor Market Cooling Sparks Recession Fears in U.S. Economy READ MORE Gold vs. Bitcoin Investments [Debating the pros & cons] READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment