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Started By
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re: BlackRock suffered $1.6 trillion in losses in 6 months
Posted on 7/23/22 at 1:01 pm to the_truman_shitshow
Posted on 7/23/22 at 1:01 pm to the_truman_shitshow
quote:BTW, the article is pathetic in that it doesn't provide the denominator to measure the $1.6T in losses against.
the_truman_shitshow
2
Posted on 7/23/22 at 3:10 pm to Big Scrub TX
quote:Didn't read, but the number is $1.7T of $10T, IOW -17%.
it doesn't provide the denominator to measure the $1.6T in losses
That's misleading though, because a significant portion of BLK holdings is non-equity fixed income. It is BLK's ESG manipulation of companies that is at issue. So that's the segment performance you'd want to compare with the S&P or DJIA.
Posted on 7/23/22 at 4:18 pm to Big Scrub TX
quote:
BTW, the article is pathetic in that it doesn't provide the denominator to measure the $1.6T in losses against.
You're reaching. $1.6T is roughly 7% of our entire GDP. No way to spin that as a small amount of money. 
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