Friday, April 15, 2016

BlackRock's Larry Fink:
This Is The "Biggest Crisis" In The World
Fink is worried that negative & low interest rates around the world are crushing savers & that those policies are going to become the biggest crisis globally .. "We have become too dependent on central bankers" to boost the global economies, stressing easy money policies were supposed to be a temporary healing .. Over 70% of our clients are retirement plans and insurance plans. Our clients are in pain .. Our clients are very worried how they're going to be meet their liabilities" because the yields are so low in the bond market.

1 comment:

Anonymous said...

Release of Clinton’s Wall Street Speeches Could End Her Candidacy for President

The reason you and I will never see the transcripts of Hillary Clinton’s speeches to Wall Street fat-cats — and the reason she’s established a nonsensical condition for their release, that being an agreement by members of another party, involved in a separate primary, to do the same — is that if she were ever to release those transcripts, it could end her candidacy for president.

Please don’t take my word for it, though.

Nor even that of the many neutral observers in the media who are deeply troubled by Clinton’s lack of transparency as to these well-compensated closed-door events — a lack of transparency that has actually been a hallmark of her career in politics.

Nor do we even need to take Clinton’s word for it — as we could certainly argue that her insistence that none of these transcripts ever be seen by the public is itself a confession that her words would cause significant trauma to her presidential bid.

In fact, it appears they’d cause enough trauma that Clinton would rather publicly stonewall — to the point of being conspicuously, uncomfortably evasive — in public debate after public debate, to endure damning editorial after damning editorial, and to leave thousands and thousands of voters further doubting her honesty and integrity, all to ensure that no one outside Goldman Sachs, and certainly no voter who wasn’t privy to those closed-door speeches, ever hears a word of what she said in them.

Nor should we do here what Senator Sanders kindly declined to do at the Democratic debate last night, which is mention any of the proof — voluminous as it is, as Sanders conceded in a post-debate interview that cited Elizabeth Warren’s criticisms of Clinton — that during the housing crisis Clinton acted precisely like a politician who’d been bought off by Wall Street.

we're waiting..