BlackRock's Fink on Bonds, M&A, US Recession, Election: Full Interview
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- čas přidán 28. 09. 2023
- BlackRock CEO Larry Fink discusses the outlook for bond markets, merger and acquisition opportunities, the US economy and the presidential election. He speaks with Bloomberg's Dani Burger at the Berlin Global Dialogue forum.
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I love how she believes what she has to say, is more important than what he has to say. As if we came to listen to her speak
Absolutely insufferable. True love of ones own voice. An interviewers job is to "fish out" interesting and important things and them let them flow, not to fulfill their own ego needs.
You interrupt someone (sparingly) to put them back on track of the question not to sound smart to one self.
Dunning Kruger is strong with that one.
Woman . Sips coffee
She didn't do bad but next time they could also have Gabriella Gabone from Stansberry Research....💯
insufferable. exactly the word I was looking for.
As if Larry is telling the truth. What a bunch of naive fools. Reminds me of 08 when Behr Sterns swore everything was alright. Conservatives lack brains 😮
For crisakes let him finish! This guy is actually revealing what we need to know.
Shes very inexperienced and out of her depth. Its embarassing.
@@crimsonpirate1710I personally disagree. He was word vomiting every answer. I’ve never seen someone in such an impactful position lack continuity in thought.
@@WHhiteMicC its because hes lying his ass of
you can safely assume the opposite of much of what he says is true
@@paulbarclay4114Nah Larry doesn't lie much, he pays people to do that for him.
@@WHhiteMicCIm surprised more people didnt pick up on that. Your comment is very valid but it seems most people didnt see it.
Some of it (but by no means all) may lie in him not wanting to answer questions directly eg he would not answer if AI would result in massive job loss instead skirted around it a bit. When you consider that all questions are vetted before the interview there is certainly no excuse for his lack of continuity.
Why is this reporter consistently cutting into Larry’s response? Omg, Let the guy speak
She is over enthusiastic
Dani interrupts too much, ask the question, then shut up.
Very annoying interviewer ! Never going to watch anything with her again!!
because she doenst understand what he is saying, he wont speak with someone who does because he doesnt want to answer real questions or be called on bs like "optimism" and "hope". It's math. deterministic. not "hope" or "optimism", which is slave mentality/no agency and how he wants lps to think about their government mandated contributions.
take your money out. they are bankrupt. and literally believe they are your slave masters, because they are.
More than what Fink deserved, the pig.
LARRY FINK OWNS EVERYTHING. HE OWNS YOU.
Definiatelly he will not eat ze bugz but organic steaks and red wine. 😡🤬 Not to mention about flying with private jets. 😡 Because he also owns climate & carbon. 😂
he doesn't own Bitcoin I hold in my hardware wallet.
@@NatureRecordsChannelTrue but Soon With approval of BTC ETF he will Own Everything ...I'm afraid
He's your Daddy
😂
Fink is a man who can not be trusted so easily. Any man with that much power should be heavily scrutinized. Instead they lob softball questions and take him at his word.
Hence the name "Fink." The irony.
He is a figure head that’s it
He's good at making money. Much more trusted than you.
I don't understand the sentiment, you guys hate the rich and despise the poor.
I guess it’s different when you and your 3 buddies are the top 3 shareholders on 87% of S&P500 companies. And have 30 trillions dollars of assets under management, and use that to hammer down your own political agenda on other companies and governments.
"Every day is normal" when you're a billionaire Larry, sure.
I mean he’s not wrong, if every day isn’t normal then what is lol
God love billionaires too my friend. Open you eyes and see blessings from Jesus
It's much easier to be sheltered from winds of the economy when you're a billionaire is my point, if I need to spell it out for you, dummy @@jimbojimbo6873
@@leifseed but he didn’t say God didn’t. Open your eyes and see another perspective lol.
He is wrong. Everyday is not normal. Normal refers to deviation from a mean.
Was the first day of Covid lockdowns normal? Was Trump’s attempted coup on Jan 6 normal?
She keeps interrupting its driving me nuts. Who let this woman interview him?
Exactly what i thought
fire her, but oh well maybe some executives at Bloomberg likes her in other areas. "she earned it"
@@bc41wtf you talking about 🤣 he wasn’t giving any clear answers
This is the worst journalist I have ever seen. She keeps interrupting him.
Thank you for helping to end first time home ownership for young people in America
😂😂😂 cry cry is all cry from people, all we do is complain
Stop complaining and buy Blackrock stocks much cheaper than owning a home and yield is promising don't have to wait until you are 65
False, just because you want to be a victim instead of do something doesn’t make it his fault
First time homeownership is a problem now because ppl want to work at Starbucks and own a home
Work one job n compare themselves to ppl who own 2 businesses and a full time job
I moved out at 18 and bought my first home at 23 when i was a child i grew up on food stamps
Be your own destiny and learn from those who are actually doing business not crying about your own choices that made you who and where you are
@IsaacTejada-fg3zq people used to be able to afford a home on one income as a "Soda-Jerk". Who did nothing but pour coke for people at diners.
Fyck you
@@DanyCesc83wrong
This guy Funk is acting like he’s just along for the ride when in fact he’s running the show. He is part of the inner circle.
Meeeh, I think he's not actually. He's at most upper middle management. Probably not even VP level honestly.
The reality is that we have NO IDEA who is actually controlling the world. They do it from the shadows and are either totally unknown or public figures that spend a lot of effort making us think they don't control anything.
Don't get me wrong though, he is still a horrible person.
The inner circle doesn't necessarily know what they're doing. No crystal balls
@@jimmydean9602yea but this guys company is majority shareholder at an insane amout of companies in media, banking, industrial etc…he has a seat at the table at those companies. He and other shareholders are pushing DEI and ESG on its employees under threat of being fired. He has called this effort “forcing behavior,” quite an authoritarian way of speaking. He is a puppet master for sure in that sense.
Larry ''i'm just a guy dude'' Fink
@@slick3996Larry “im just following secret orders” Fink..
The host keeps on interrupting Mr. Fink. She is unqualified to be a host. It is important to let the guest finish his thoughts.
the host just cant wait to finish her entire list of questions
She commonly does this.. craves the attention and wants to be at the centre...despite being mediocre at best
Yes she should try other venues than interviews... She is interrupting too much this is really annoying.
yeah danni sucks
She'd probably do fine on porn
This woman should be fired,, she keeps cutting him off !!!
Who interviews someone and then interrupts every single question?
So many interviewers these days have a knack for interrupting people just as they are about to say something important. Aren't these interviewers listening? Are they being taught this style in college? Whatever the reason, it's very annoying.
its because they are narcissists who want to be The Story. In fact most are just pretty faces that can be replaced at the drop of a hat
Bingo. Want to make it about them. She’s fucking awful and made this impossible for me to get through
Wow just terming a person as narcissistic just because they interrupt and ask question. You must be a narcissist too if that's the case.
@@Fredricksaviour Maybe I am !
You should have let him finish his opening remark…
Larry Fink is a board member of the World Economic Forum. Don’t forget that.
"Every day is normal" 5 minutes later, "I've never seen more fear in my life"
Hahaha
@@kanwaljitsingh432 don't see any contradiction, feeling fear is normal, having fear/hope/enthusiasm cycles is normal
0:57: 📉 The speaker discusses the current state of the markets and the need for adjustment to the new normal.
4:46: 🌍 Globalization is still intact, but supply chains are being reimagined and moved to different countries.
8:49: 📉 The speaker discusses the possibility of a recession and how different regions may be impacted differently.
12:52: 💰 The speaker discusses the need to reimagine finance and leverage public and private capital to finance growth.
16:52: 🔑 Gaining trust from skeptics is important, and providing choice for clients is a priority.
21:19: 📉 The video discusses the potential risks and changes in the business ecosystem during a recession.
24:58: 💼 The speaker discusses the importance of not running away from risk and how it impacts the economy and society.
29:48: 💰 Investors are looking to put more money into decarbonization and finding new technologies to bring down the competitive premium.
33:57: 💼 The video discusses the potential impact of AI on job loss and sustainability.
Recap by Tammy AI
This guy is saying “consumers pull back because of fear…” consumers are living off of credit, and many are living paycheck to paycheck. Thats not fear, its being broke.
💯
Phrasing it as consumers are fearful transfers blame to the people. Consumers are responding to the bag of dicks that the powerful have dropped on their lap
Money and control is all this guy wants.
And the rest of us are saints.
@@jeffreyreid compared to these fucks i am .
nahh u don‘t get it
I can’t imagine why a person would ask a question and immediately interrupt the response to ask a different question,
Over and over,
Other than simply because they are dumb, dumb, dumb.
The Road to Hell for America was paved by Larry's "Good intentions!"
We need to legislate Blackrock, Vanguard, State St and all of these portfolio management providers. They use your shares to further their agenda not yours. It’s like Jimmy Hoffa using the Union pension as his piggy bank. We also need to outlaw Hedgefunds and force the markets to become investment vehicles not casinos.
don't like it don't use iShares products - stop whinging
Agree
@@gwohsau6571 💯 x 💯 percent agree 👍
@@gwohsau6571Blackrock is an international company.. The US can't touch them anymore.
Besides, they are mostly focused on a few European countries, China, New Zealand and a few other strugglely markets now...
Because we in the US are sick of them, demanding higher wages etc.. And the people who invest with Blackrock are the ones responsible for the wage stagnation and stripping of workers rights over the last few decades.
Larry isn't stupid.. He and his friends saw the writing on the wall and are getting out.
It's going to take an international movement to stop these people.... And I don't think that's gonna happen.
@@gwohsau6571 global
Awesome talk Mr.Fink. All I got to say is stop buying residential real estate
Yep,.. he's responsible for much of the rise in housing prices,.. the ones you can no longer afford.
Fink is such an appropriate name for a rat fink.
And it's just that he's being interviewed by ascag who looks like she just left an all night sleazy bar.
his clients buy it you dunce
You are talking about Blackstone not Blackrock
Most likely he told her before the interview "DONT ASK ME WHY MY COMPANY IS BUYING MOST OF THE HOUSES IN AMERICA MAKING THEM SO UNAFFORDABLE FOR THE COMMON CITIZEN"
I own lots of real esate, and have never seen a single black rock owned house, or have been bid against by any black rock bidder. Your being a victim.
@SmartestDumbGuy because they don't use Blackrock directly to buy the houses, they use shell companies that trace back to Blackrock. They are not dumb to use Blackrock directly.
@@BOSSEZCLUB victim
@@SmartestDumbGuy because Blackrock purchases homes under their subsidiary companies, It's an asset protection strategy they use to mitigate risk.
Also, certain states have strong privacy clauses in place to prevent the public from seeing who actually owns the company. A good example would be, ABC LLC is own by Ace LLC and the member of ACE LLC is Stark Trust Enterprises.
@@SmartestDumbGuy They use 100 layers deep shell companies & BlackRock directly don't buy houses . They invest in companies & hold majority shares of those who buy houses. They r on the board of major real state companies. Any big real state company has BlackRock investment. Do you think they will use BlackRock LLC to buy anything. Most of their businesses can't be easily traced back to them unless u investigate. They
Can she stop cutting in with abrupt questions and comments? How rude!
I'm I the only one who feels he should be partly blamed for the current situation
I'm sure you would have done much better
Indeed ESG Fascist
prob 50% yes
I don't know. I'm you?
He benefitted from the system, but the system is structurally flawed. Money printing (look at the M0, M1 & M2, graphs from Aug 2020- present) causes currency debasement (inflation). This has resulted into "more money" in people's pockets in nominal terms. But in real terms that means your money is worth less (you can buy less things than you could before even if you had less money). My point is we need deflation (things become cheaper for you) but this would blow our current monetary system as the debt would be worth more.
Long term optomism is much easier with billions. I don't think Mr Fink has had to permanently delay marriage and starting a family being priced out of the middle class unable to purchase his first home.
Sorry to hear that, it's happening everywhere. They don't care, it's like those scenes in Bladerunner 2049 and clones.
Get two jobs like the rest of us and get rich like us
@leifseed Rethink your priorities, my buddy. If you work two jobs, you aren't rich. You are a slave.
People don't become wealthy by accident and neither is it easily achieved. It takes years of self education, dedication, sacrifice, and perseverance to gain wealth. Much like getting in shape, you just don't wake up with a six pack and a chiseled chest, it takes hard work to get there.
@@maximusfreeman7140I disagree, working two jobs doesn't make you a slave. It's what you do with your money that makes you a slave. If you are working hard to buy liabilities (Any asset that doesn't produce a income) then you are a slave. If you are working to purchase income producing assets then you are working to buy your freedom.
Let the man speak!
Fink is driving this dumpster fire
Agree
To put it into working man's English. Very sus that he's going to be relying heavily on government subsidies to make money for the next 10 years. He says he's going to do good things like convincing governments to print heaps of money so that the working people have less and less power and he can suck all the money for tax incentivized activities which are slam dunk profitable even if they don't do anything productive.
Good summary!
I literally came to the comment section to leave a comment regarding her cutting out Larry and saw all the comments were filled with the same complaint.
Interviewer interrupting.
Great interview, I'm glad Larry Fink got a chance to get in a few comments as well!
YEAH great interview, she also forgot why he is funding open borders, an unelected official is running our energy industry, our border, our economy....'we the people' is a cute concept for this globalist... isnt it? I guess humanity has not learned from the tyranny of secret govts, monarchs and totalitarians regimes that suck the rights and life of it's people. This man should not be celebrated or admired when he and Biden and Soros, not Trump are undermining our democracy, but keep drinking the kool aid of love and climate change frenzy. This man will soon ban you from even breathing bc it could hurt the penguin population.
Says he was a young bond trader in the 70s.
Seems he's grown into an old Bond villain today.
maybe in your tiny, terrified mind he's a villain
@@RogerYeahmon sounds like somebody's been sucking the corporate cock😏
at around minute 20 Larry Fink says that BlackRock will grow into lending to companies which is in direct conflict of interest, because BlackRock also has control of many company boards through iShares ETFs. So BlackRock will lend money to companies it also controls through elected board directors.
It happens a lot already. Look at Eddie Lampert and Sears, perfect example.
That kind of man ought to be investigated by every nation on the planet, but since his corporation has such sway over governments, it is unachievable.
Agree
He is just another Fat Cat trying to figure out how to get more at the People's expense.
He appears to be honest about it though, which is more than I could say about some politicians in DC.
He'll be free forever just as Bill Gates or Soros, etc
These are the surface level kings of the world.
how old are you ?@@supersai4198
Dear interviewer, LET LARRY COOK!! smh
Let the man talk thru his points, stop interrupting him.
Not 1 question was answered during this interview
We don't need companies to run around acting like activists. We have enough people doing that already.
Agree
@@lorascelsi8102average moronic reactionary con. The wealth will trickle down to you pleb "eventually"
His customers want him to invest in those activities, you can make your fund to oppose them if you want
@@sakcee I figured I'd get a response like this. I think you missed the irony in that companies are not people. What I mean is, don't run viable companies into the ground because of something non-business related.
@@sakcee the point of investing isn't to oppose someone. What you're describing is financial/economic warfare.
The one most important thing coming from this interview that am taking to my clients as a financial advisor, is the importance of having hope in the future, live with out fear, Risk is part of our investor nature, fear is what we need to be aware of, and mega transitions are taking place big time, because so many things are happening as we have never seen and understand before.
Can you get a new interviewer, it is more effective when they let the interviewee finish their thoughts
Sounds to me like he is advocating for modern-day slavery
This is how optimistic and energetic you become when you have $10,000B in AUM 😂
What you to do to make so much money ? for complain noone gone pay you :)
irrelevant because it's someone else's money..
@@RogerYeahmon agreed , but the power and respect that comes with it is something awesome
@@RogerYeahmon if you like, you can be a looser its your life.
@@KINSHUKJAIN-yh3mw yes, power and respect comes with SUCCESS and that is how it should be.. there is a REASON the Fed and other institutions consult with Fink - it is because he is GOOD!
Billionaire telling you he is a long term optimist
Billionaire giving you free game
Let the man finish answering the question. A more mature and patient, less anxious interviewer is required in instances like this. Perhaps, ask less questions so that viewers enjoy fuller, complete answers.
Rising inflation and interest hikes should create a lot of foreclosures Mr Fink. Buyers Market for you.
when they are the buyers they create prices for buying especially if its in the for of cash and they buy at higher prices then the market values that property other home buys have no chance of buying in that market.
Not @5%++ in yields driven sector.
Could be some great opertunity down at the clearing house for small business assets and anyone not working 3 jobs to pay mortgages on time. This guy dosnt see people, he sees assets and liabilities walking around.
@@RoamingMMTerare the homes they are hoarding to manipulate the market and extort people to live flammable?
Evil man. You don’t get to that position unless you’re a psychopath that lists for power and influence.
You can literally see how a Snake learned to speak.
aww, do you not like successful people?
"Mr. FINK" would have been far more appropriate - who do these interviewers think they are?
Jesus I'm 3 and a half minutes in she's interrupting the man so much with her questions and not letting him finish his thoughts which are waaaay more interesting than anything coming out of her mouth. This lady needs to find a different job.
Let him speak completely lol
Let him finish… why she is interrupting him… this man owns the world
Best to not interrupt fund legends, great video
1:35 my opinion is we'll have 10-year (treasury) rates at 5% or higher
1:54 we haven't seen inflation like this in over 30 years
Interviewer clearly out of her depth here. She’s young so not going to slate her, but she needs to up her game. Cite: Erik Schatzker, Jonathan Ferro, Ross Sorkin
Fink is responsible for much of the rise in housing prices,.. the ones you can no longer afford.
It's such an appropriate name for a rat fink.
And it's just that he's being interviewed by askank who looks like she just left an all night sleazy bar.
She’s terrible
Agreed
Horrible interviewer. she deserves to lose her job
Seems like he’s on a “saving face” campaign after being the godfather of ESG movement for many years.
The real President
I think the reporter did a great job. She is smart and cut the bullshit whenever it was necessary.
Great to hear Larry bit OMG that interviewer is really annoying! That’s why mainstream media goes to drain !
If you want to increase productivity in Europe dramatically you do not need AI. All you need, is to stop the rampant cancer of regulation.
I muted the sound and actually understood everything he said by watching his hands.
Lol same here 😮😂
Dani burger should do an interview of herself at this point.
Terrible interviewer. Kept cutting him off!
terrible interviewer imo. Projecting rather than questioning
"At what cost?" is correct, but also, 'in comparison to what?'
While investors are preparing to celebrate next year's soft landing, economic data doesn't appear to be cooperating, I’ve heard testimonies of people accruing over $250k this red period. What measures can I take to ensure this?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
I've shuffled through a few advisors in the past, but settled with 'Nicole Desiree Simon' her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.
Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Larry the WEF clown puppet, no thanks.
5 percent plus for 10 years. That was the only thing he said concretely. The rest wast BS
This man should be stripped of his wealth and thrown in a cell
AND IF YOU MISSED AT THE VERY BEGINNING HE SAID **THE SUPPLY CHAIN IS AT THE BEGINNING OF FRAGMENTATION** SO FROM HERE ON NOW IT ONLY WILL GET WORSE
This dude mixes too much false/truth which makes it virtually impossible to use his interviews for any trades. He does this intentionally.
Interviewer thinks she has better info to share than larry the president of the world ... has. *women* *sips coffee*
You dropped this ...🎩
Fire this interviewer
Great interview
The wages for regular workers needs to go up. They have been stagnant for over two decades. If you bring in tons of illegal immigrants they might fill those jobs at a lower wage but eventually they will get upset about being taken advantage of. They still have to be able to pay their bills.
Agree, we don't need more immigration to "alleive labour shortages". It's not the government's job to provide industry with the cheapest labour possible. It is government's role to look out for it's citizens and ensure they have a high quality of life. Citizens can only do that if they have a good thriving wage.
To late... didn't you hear the Biden administration just gave over like 20,000 immigrants the ability to work?.. For the second time since he got into office.
And Larry also said that thing about immigration soon after Biden got elected.
Fink and his friends (or the people controlling them) control THE WHOLE WORLD.
It's super easy to do in our two party system.. They equally control both sides. Even Trump.
Why did I feel like the interviewer had a demeanor that seemed to make it about her? She interrupts, is purposely louder than him (when he's not even soft spoken himself), and tried to control too much.
All I hear is “HOPE” HOPE HOPE
When interviewers interrupt. I cringe. This man is a leader and highly intelligent. We want to hear him
I agree, he's intelligent. Why do you thing he's saying what he's saying. Because he cares about your interests or his own interest primarily?
And he's responsible for much of the rise in housing prices,.. the ones you can no longer afford.
Fink is such an appropriate name for a rat fink. And it's just that he's being interviewed by ascag who looks like she just left an all night sleazy bar.
She’s awful - agreed
@@jancula9why do you need this guy to care about your interests?
@markets fire the host, so annoying
If Larry is hopeful I'm too😂
Why bother running for president when you have the power to acquire a company, fire the whole board and replace with men of your choice. When Larry was asked that question, he was humoured, and he declined politely with a joke, because the question was a joke already.
Because that's not how corporate governance works you dunce
This guy is a leader, amazing.
This lady interviewer talks too much and interrupts.
She should stop cutting him off
No Larry -- we do not NEED a recession !! You need a recession !
Agree
If the people that benefited from rise, were the ones that suffered in the crash, we might get sensible fiscal and monetary strategies
We need more factories in America.
inflationary
Interview with the biggest manipulator of politicians and the economy.
7:26 Larry Fink: "Because their are fu*k... frightened 🤣🤣🤣
This is the guy who wants to own your house
Needs to be taken care of
Charlie Rose should do this…. He is such a class act! Not some over enthusiastic street kid Dani!
Amanpour not Rose
Who was the interviewer? Such talent and super interesting individual on such high level task; well F done 👍
these reporters are a different breed
The countries with growing populations are harder to control!! It’s all about world dominance and you don’t have control of the oil supply so you’ll looking for other ways to dominate and obtain complete power!
America is turning into a nation of renters. This is the future of housing. Free market economy, good or bad?🤔The age old dilemma…
Lispy Lizards have such difficulty with our language.
ESG score. Is it really evaluated fairly? That is the main question. Because I am afraid it is not.
Did she just suggest that nobody knows about the Louisiana Purchase???? Ma'am, you are giving an interview for bloomberg. My hope is that supposedly intelligent beings actually learn history.
They're in Berlin so it's similar to doing an interview in the U.S. and assuming they may not know what the Treaty of Westphalia is.