Blackrock, Who Own the World, See Dire Economic Times Ahead By James Reed
Blackrock, one of the main globalist financial entities, who run the world, has issued a warning that a global recession is coming … and they would know. Unlike the previous financial crisis, Central Bank strategies of the past will not work this time round, the financial lords tell us. The markets are just too turbulent, and the state of world geo-political events too chaotic to be tamed by meek Central Bank policies. The BlackRockers see the only answer as a deep recession, and all the economic pain that goes with that. Well, we have been warned, but many of us have seen this coming, and already have planted our World War III victory gardens, even if it is only sprouts grown on a window sill. It is the thought that counts.
Prayers for a better 2023, with no nuclear war!
“The world's largest investment manager has gone all in - and says a global recession is right around the corner. What's more, the financial tricks deployed by Central Banks in the past 'won't work this time.'
According to BlackRock, the global economy has entered a phase of elevated volatility, and that a recession is imminent due to central banks aggressively boosting borrowing costs to tame inflation. Their actions, according to a team of BlackRock strategists, will ignite more market turbulence than ever before.
"Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," the team wrote In their 2023 Global Outlook which says that the global economy has already exited a four-decade period of stable growth and inflation, and has now entered a period of heightened instability.
And when things get bad, "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."
"What worked in the past won't work now," said the strategists. "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."
So, what can actually tame inflation? A deep recession, according to the report.”
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