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 China's Iron Ore Imports Defy Steel Industry Slowdown READ MORE The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE Shenzhen: China's Rising Star in the Gold Jewelry World READ MORE Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE Add a Comment Cancel replyYour email address will not be published.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