BlackRock chief Larry Fink warns: Anyone who orders data centers to halt construction will plunge the U.S. into recession.
Over 26 years, U.S. national debt has ballooned from $8 trillion to $40 trillion—a fivefold increase. He says the government is competing with businesses for credit, while issuing ever more debt.
In other words: borrowing will only get more expensive. If a recession hits, which would you cut first—your cash or your positions?
Over 26 years, U.S. national debt has ballooned from $8 trillion to $40 trillion—a fivefold increase. He says the government is competing with businesses for credit, while issuing ever more debt.
In other words: borrowing will only get more expensive. If a recession hits, which would you cut first—your cash or your positions?