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 NYSE Resolves Software Glitch After Erroneous 99% Stock Drop Displays READ MORE U.S. GDP Growth Stumbles to 1.6% in Q1, Missing Economic Forecasts READ MORE Central Bankers Plan Record Increase in Gold Reserves, Survey Finds READ MORE World Economic Forum (WEF) in Davos: The Polycrisis READ MORE U.S. GDP Surges 2.8% in Q2, Outpacing Expectations as Inflation Eases READ MORE Add a Comment Cancel replyYour email address will not be published.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