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BlackRock's Larry Fink Is Bullish on the US Economy

December 11, 2012 | About:
CanadianValue

CanadianValue

211 followers
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.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

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