BlackRock's Larry Fink Sounds Alarm on America's Mounting Debt Crisis Larry Fink, CEO of BlackRock, the world’s largest asset manager, has issued a dire warning about the United States’ escalating national debt, now exceeding $34 trillion. Echoing concerns raised by Jamie Dimon and Jerome Powell, Fink emphasizes the urgency of the situation, likening potential outcomes to Japan’s economic stagnation during its ‘lost decade.’ He highlights the peril of assuming that investors will indefinitely support the U.S.’s growing fiscal deficit. Additionally, Fink points out the danger of the recent rise in U.S. Treasury yields to 4%, a result of inflation expectations and the Federal Reserve’s aggressive rate hikes. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Biden-Harris Administration Proposes New Rules for Extensive Student Debt Relief READ MORE Dominant Dollar Faces Challenges in the Oil Markets READ MORE The Looming Disaster in Commercial Real Estate Explained READ MORE Pandora's Eco-Friendly Shift: Committing to 100% Recycled Silver and Gold READ MORE Traders Increase Bets on September Fed Rate Cut Following Inflation Report READ MORE Add a Comment Cancel replyYour email address will not be published.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