BlackRock has advised clients to be ready to pull out of global stock markets at any sign of serious trouble.
BlackRock, which manages funds worth $4.1 trillion, said the global system is still in the doldrums and far from achieving sustainable recovery.
“The eurozone, Japan and emerging markets are all trying to export their way out of trouble. Who is going to buy all this stuff? The math does not work. Not everybody’s currency can fall at once.”
The report said Wall Street is not in a bubble yet but BlackRock’s risk indicator – measuring “enterprise value” against earnings, adjusted for volatility – is almost as high as it was just before the dotcom bust.
Blackrock is advising its high net worth clients to stick to European and Japanese equities in 2014.
10) Ben Bernanke, 10th January 2008 – “The Federal Reserve is currently not forecasting a recession.” A few months later, United States entered one of the wort recessions ever.
Latest Snowden leak reveals the NSA is targeting online gaming communities as a ‘target-rich network’ where potential terrorists could ‘hide in plain sight.’
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Topics covered on this special webcast In this members-only webcast, Jerry Robinson breaks down the newly passed GENIUS Act and its far-reaching implications for stablecoins and tokenized finance. He also shares key insights on navigating today’s evolving crypto...
Segment 1: Crypto Week on Capitol Hill SEGMENT BEGINS AT 01:45 In this segment, we dive into what’s being called “Crypto Week” on Capitol Hill—why it matters, and what it could mean for the future of digital assets. Topics include: The CLARITY Act The...
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