BlackRock’s Fink Says U.S. a Year Away From Robust Growth

BlackRock Inc.’s Laurence D. Fink, who has been trying to persuade retail investors to get out of cash, said the U.S. is about a year away from having a more robust economy.

“When you talk about macro issues in the U.S., our banking system is far better than most banking systems and our housing crisis is 90 percent behind us,” Fink, chairman and chief executive officer of the world’s largest asset manager, said in an Oct. 1 interview from his New York office.