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Larry Fink Sees Markets Falling 15% Without Fiscal Action

  • BlackRock’s CEO says anger is growing as low rates hurt savers
  • Fink would be surprised if Fed didn’t lift rates in December
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Fink: Markets to Fall 15% Without Fiscal Action

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Laurence D. Fink, who runs the world’s largest asset manager as chief executive officer of BlackRock Inc., said markets may fall 15 percent if governments don’t take aggressive fiscal policy actions and there are aberrant results from referendums in Europe.

Fink said he is more pessimistic than the markets at the moment. If governments move to spur their economies, then markets could go in the other direction and rise 10 percent, he told Erik Schatzker Thursday on Bloomberg Television.