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 Weak U.S. Jobs Report Boosts Gold Prices As Many Speculate About Fed Rate Cuts READ MORE Investors Warn AI Boom Obscures Broader Tech Sector Struggles READ MORE ECB Rate Cut Hopes Diminish Amid Strong Economic Data READ MORE Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut READ MORE Gold Dips as Fed Signals Only One Rate Cut for 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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