Blackrock Chair Expresses Fear Over Follow-up Financial Crisis

• Blackrock chairman, Larry Fink thinks the financial markets are still on the edge.
• Fink questioned in the asset liability sector will be the next to fail in a follow-up crisis.
• According to Fink, the financial sector is haunted by unsustainable policies of past years.

Larry Fink, the chairman of the asset management firm Blackrock believes that the markets are on the edge, despite the swift reaction by regulators to stave off contagion risk in the wake of recent bank failures. Fink expressed fears over a follow-up crisis in asset liability, questioning if it could be the next sector to fail.

The asset management chair shared his opinion about the current market situation via his traditional annual letter to investors. In the letter, he noted that a lot has changed in the markets in the last 15 years. According to him, since the 2008 financial crisis, markets were defined by extraordinarily aggressive fiscal and monetary policy, leading to spikes in inflation figures that have reached levels not seen since the 1980s.

In the letter, the chair noted that to curtail the spiking inflation, the Federal Reserve raised interest rates by nearly 500 points in the pa…

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