• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

BlackRock's Larry Fink Says Ukraine War Marks End of Globalization

sanman

DP Veteran
Joined
Nov 22, 2015
Messages
11,636
Reaction score
4,479
Gender
Undisclosed
Political Leaning
Conservative
Hmmm, the head of the biggest capital management company has just said, THE RULES HAVE CHANGED! GET READY FOR NEW MARCHING ORDERS!


Larry Fink Says Ukraine War Marks End of Globalization

“The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades,” Fink wrote in his annual chairman’s letter to shareholders of BlackRock, which oversees US$10 trillion as the world’s largest asset manager.

While the immediate result has been Russia’s total isolation from the capital markets, Fink predicted “companies and governments will also be looking more broadly at their dependencies on other nations. This may lead companies to onshore or nearshore more of their operations resulting in a faster pull back from some countries.”

“A large-scale reorientation of supply chains will inherently be inflationary,” Fink wrote, in a wide-ranging 10-page letter that also addressed the invasion’s effect on the energy transition and cryptocurrencies, and updated investors on BlackRock’s business lines and the reopening of its main offices.

Gee, Donald Trump's idea for shifting supply chains suddenly doesn't seem so regressive now, all of sudden. Now suddenly, the Big Capital titans who all previous spat on Trump are now saying the same things he did.

Hmmm.... surprise, surprise... :unsure:
 
Gee, Donald Trump's idea for shifting supply chains suddenly doesn't seem so regressive now, all of sudden.

Biden's idea.

 
Back
Top Bottom