TLDR:
- BlackRock CEO Larry Fink sees elections as having limited market impact
- Fink is optimistic about growth in global capital markets and infrastructure investing
- He expects continued 2-3% growth for the US economy, not a “soft landing”
- Fink believes the forward curve is overestimating potential interest rate cuts
- He sees more inflationary than deflationary government policies ahead
On the 25th anniversary of BlackRock going public, CEO Larry Fink shared his views on the global economy, US elections, and infrastructure investing in an interview at the Berlin Global Dialogue 2024 conference.
Fink expressed optimism about the continued growth and expansion of global capital markets over the next 25 years. He sees more countries focusing on developing their capital markets, which he believes is key to economic strength. Fink highlighted examples like Japan and India taking steps to boost retirement savings and build out their capital markets.
Regarding infrastructure, Fink views it as a major growth opportunity. He noted that BlackRock is …