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Fink: Strong US dollar a handbrake on confidence

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Larry Fink, Chief Executive of BlackRock has raised concerns about the impacts that the steep rise in the USD is having on corporate earnings. “While the US economy as a whole is not overly exposed to exports, many of our largest and most influential companies are. We believe that this will lead to an erosion in confidence on the part of CEOs with the potential to slow both investment decisions and future growth in the US.” Fink also raises concerns about the risks monetary easing has created as investors searching for yield are pushed into riskier asset classes. “This mix of growing assets and shrinking yields is creating a dangerous imbalance. Yet monetary policy makers seem insufficiently attuned to the conundrum their actions are creating for investors: reach for yield and continue to fuel an expanding bubble, or remain on the sidelines and watch unfunded liabilities grow unchecked.” Full article via the FT: (VIEW LINK)


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