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BlackRock's Larry Fink Is Bullish on the US Economy

December 11, 2012 | About:

BlackRock is the biggest asset manager on the planet and the man at the head of the company is Larry Fink. This afternoon he sat down with Bloomberg for a full 30 minutes and provided his insight on the economy and investing climate.

Some of his most interesting observations relate to the banking sector:

- He is quite bullish on the banking sector going forward.

- Banks have very strong balance sheets.

- Thinks all the bad news relating to the sector is still an overhang on stock prices.

- Doesn't think new regulations make the financial sector a bad place to invest.

- He also thinks that if you are a long-term investor you have no other choice but to be in equities.

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