'I see more fear than any time in my business career,' says BlackRock's Larry Fink

That was BlackRock’s chairman and CEO, Larry Fink, at the Berlin Global Dialogue 2023 conference on Friday, saying that, while he is an optimist, there’s a dire current shortage of optimism in the world.

“We have big changes in labor, we have higher wages, companies adapt, business adapt,” he said, going on to add that a lack of “hope” is the biggest problem facing the world right now.

“What’s going on in China is a great example of fear,” he said, commenting on how consumers are saving 35% of their disposable income, following the COVID-19 outbreak in that country... (Read more)

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