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

Fink: Markets to Fall 15% Without Fiscal Action

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.

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