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 High Oil Prices Halt Biden's Plan to Replenish Strategic Reserve READ MORE Florida's Housing Market Sees Price Drop Amid Insurance Crisis READ MORE Market Analysts Forecast Gold to $2,600 READ MORE HBAR – Real World Asset Tokenization is Here READ MORE Rogoff Warns: Biden and Trump Policies Could Skyrocket US Debt READ MORE Add a Comment Cancel replyYour email address will not be published.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