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BlackRock says get ready for a recession unlike any other
Posted on 12/8/22 at 5:50 pm
Posted on 12/8/22 at 5:50 pm
...and 'what worked in the past won't work now'
quote:
A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation — and this time, it will ignite more market turbulence than ever before, according to BlackRock.
The global economy has already exited a four-decade era of stable growth and inflation to enter a period of heightened instability — and the new regime of increased unpredictability is here to stay, according to the world's biggest asset manager.
That means policymakers will no longer be able to support markets as much as they did during past recessions, a team of BlackRock strategists led by vice chairman Philipp Hildebrand wrote in a report titled 2023 Global Outlook.
"Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," they said. "Central bankers won't ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage ahead."
The prospect of limited policy support means investors need more dynamic methods — involving more frequent portfolio changes and taking a more "granular view on sectors, regions and sub-asset classes" — to navigate the volatility ahead, according to BlackRock.
quote:
"What worked in the past won't work now," the strategists said. "The old playbook of simply "buying the dip" doesn't apply in this regime of sharper trade-offs and greater macro volatility. We don't see a return to conditions that will sustain a joint bull market in stocks and bonds of the kind we experienced in the prior decade."
quote:
Goldman Sachs CEO David Solomon sees just a 35% chance that the US economy avoids a recession.
Posted on 12/8/22 at 5:52 pm to stout
Eff Blackcock. They are part of the reason and a real threat to liberty and freedom.
Posted on 12/8/22 at 5:53 pm to stout
quote:
35% chance that the US economy avoids a recession.
As opposed to the one we already faced? What’s the definition again?
Posted on 12/8/22 at 5:53 pm to MizunoDude
quote:
They are part of the reason
They don't make the Fed print money out of thin air.
Posted on 12/8/22 at 5:53 pm to stout
frick Blackrock. They are a cult and are in control of EVERYTHING.
Posted on 12/8/22 at 5:53 pm to stout
If BlackRock wants a recession, then DC politicians will give us a recession.
Posted on 12/8/22 at 5:54 pm to stout
It won’t be real bad. Biden will have the answers. I mean just look at how he brought Brittney Griner home today. The guy is practically Jesus
Posted on 12/8/22 at 5:56 pm to stout
We need it. Governments have artificially kept us trending upwards rather than letting us ride the ebbs and flows like we should have. Unfortunately, the recession is going to be deeper and longer than if the government and Fed had stayed out of it.
Posted on 12/8/22 at 5:57 pm to stout
quote:
BlackRock
They are chompin' at the bit to snag up all the defaulted mortgages about ready to foreclose.
Posted on 12/8/22 at 5:58 pm to Ghost of Colby
quote:
If BlackRock wants a recession, then DC politicians will give us a recession.
Blackrock is already having issues. A global recession, with their exposure to paper tigers like China, is going to be bad for them. If the truth about China's bad real estate deals ever finally comes out, which will happen during a global recession, BR will lose billions at the very least. They know it and have been pulling back for months now. They are trying to reduce their exposure as fast as possible.
Posted on 12/8/22 at 5:59 pm to NPComb
quote:
They are chompin' at the bit to snag up all the defaulted mortgages about ready to foreclose
It's not that easy. I work in the default field and have done so since the 2008 crash.
That being said, they will end up with more units no doubt but BR has been investing less and less in RE lately. Their exposure to China has them concerned.
Posted on 12/8/22 at 6:02 pm to stout
I can't wait to stop busting my arse and getting nowhere. Soon I guess I can sign up for welfare, EBT, and section 8 housing. And then I can sit at home and get stoned, play video games, and masturbate 24/7.
Posted on 12/8/22 at 6:05 pm to dbeck
sounds like Oweo’s life minus the video games.
Posted on 12/8/22 at 6:08 pm to NPComb
I won’t lie. I’ll buy a bunch just like I did during COVID.
The difference being of course I’m not turning around and selling to foreign entities like BlackRock.
The difference being of course I’m not turning around and selling to foreign entities like BlackRock.
Posted on 12/8/22 at 6:08 pm to Klark Kent
quote:
sounds like Oweo’s life minus the video games.
Yeah but I'll be able to play Dance Dance Revolution.
Posted on 12/8/22 at 6:08 pm to stout
LOL so their investments and industry are forecast to have their Achilles taken out and they want us to feel bad for them? That's what it sounds and looks like to me. They made huge profits while they could. Time to hunker down assholes.
Posted on 12/8/22 at 6:09 pm to stout
quote:
BlackRock says get ready for a recession unlike any other
well at least they warned us, after it was too late to prepare for it and no way to hide from the damage that is about to happen.
but hey, at least they are 100% invested in property so they wont lose a penny in the bloodbath and then when its over their property will be double the value they paid for it.
its only the little people who will get destroyed in this planned global economic crash
This post was edited on 12/9/22 at 11:56 am
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