BlackRock — the world’s largest asset manager — says central banks are 'deliberately' causing recess

[We Never Know]

Doesn't sound good.

"Many experts have already sounded the alarm on the U.S. economy. But you still want to pay attention to what BlackRock — the world’s largest asset manager — has to say for a very simple reason: it’s predicting a recession unlike any other.

“Recession is foretold as central banks race to try to tame inflation,” BlackRock’s team of strategists write in their 2023 Global Outlook.

In fact, the strategists believe that central banks are “deliberately causing recessions by overtightening policy” in an effort to bring price levels under control.

In the past, when the economy entered a downturn, the Fed typically stepped in to help. But due to the cause of this projected recession, BlackRock says we can’t count on the central bank.

“Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect.”

https://finance-yahoo-com.cdn.amppr...ck-world-largest-asset-manager-223000827.html

 

[Vee]

Doesn't sound good.

"Many experts have already sounded the alarm on the U.S. economy. But you still want to pay attention to what BlackRock — the world’s largest asset manager — has to say for a very simple reason: it’s predicting a recession unlike any other.

“Recession is foretold as central banks race to try to tame inflation,” BlackRock’s team of strategists write in their 2023 Global Outlook.

In fact, the strategists believe that central banks are “deliberately causing recessions by overtightening policy” in an effort to bring price levels under control.

In the past, when the economy entered a downturn, the Fed typically stepped in to help. But due to the cause of this projected recession, BlackRock says we can’t count on the central bank.

“Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect.”

https://finance-yahoo-com.cdn.ampproject.org/v/s/finance.yahoo.com/amphtml/news/blackrock-world-largest-asset-manager-223000827.html?amp_gsa=1&amp_js_v=a9&usqp=mq331AQIKAGwASCAAgM=#amp_tf=From %1$s&aoh=16712554585236&csi=0&referrer=https://www.google.com&ampshare=https://finance.yahoo.com/news/blackrock-world-largest-asset-manager-223000827.html

Nice of them to state the obvious.
Central banks want absolute power and that comes from absolute control over assets.

 

[stvdv]

BlackRock — the world’s largest asset manager — says central banks are 'deliberately' causing recess

Doesn't sound good

I am overjoyed to read this in the News

 

[Revoltingest]

Nice of them to state the obvious.
Central banks want absolute power and that comes from absolute control over assets.

Of course.
Central banks, here the Federal Reserve System,
is an arm of government. To quell inflation, they
risk recession. To fix a recession, they risk inflation.
Meh.
Just government trying to mange the economy.

The word "bank" will trigger leftish hatred of
banks, business, & those evil corporations.