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BlackRock CEO: High inflation is the "biggest risk" in the world, and you can always make a lot of money by going the opposite direction with Davos
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Golden Finance reported that BlackRock CEO Larry Fink said that investors concluded too quickly that high inflation was over, raising the possibility that bond yields would rise in the future as prices rise. “The biggest risk facing the world today is that the world believes that inflation has passed its peak,” Fink told Bloomberg on Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland, adding that his view was at odds with what market forces were saying. . "I really think we're going to have high inflation." When talking about artificial intelligence investment, Fink said that building data centers requires a lot of money from the private sector. BlackRock is joining forces with Microsoft and others to raise a $30 billion fund, and Fink said the private market needs to pay special attention to how data centers are powered. "In the short term, let's be clear, it will be powered primarily by natural gas, and in the United States, natural gas," Fink said, adding that demand for electricity should spark discussions about the future role of nuclear power.
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