This page has been archived and commenting is disabled.
Larry Fink On Cyprus: "I Don't Really Care"
Blackrocks's Larry Fink "doesn't really care" about Cyprus, "it's really not something of concern," he tells Bloomberg TV. While gesturing that he can't really discuss specifics as Blackrock is an adviser to Cyprus, he then goes to explain how European and US markets have it all wrong and that "It has some symbolism impact on Europe, but it’s not a really major economic issue." This dip is "just clients taking some chips off the table and reaping some gains from the huge rally," he goes on, dismissing the interviewer's question as nonsense, "this is temporary," and adding that he "is hyperbullish on the US economy," and that "global markets will be up 20% this year." However, what is most fun to watch is his arrogant dismissal of the interviewers question over US depositor fears, there are two reasons that is foolish, he notes "a) we have insurance, so that will not happen; [ZH: umm, so did Cyprus]; and b) we have always prioritized the liabilities [ZH: umm, except for GM]." So all good then, storm in a teacup. Carry On - though he has some stern words for the French and for the Russians.
Perhaps our favorite line:
"Many of the depositors in Cyprus are not EU members - maybe a little east and north of Cyprus - and therefore bearing the cost on depositors is an indication that "we're fine with bailing out EU members and EU depositors, but this is quite a bit different"
Transcript
BBG: What did you make of the Cyprus situation?
"I really don't care."
"Cyprus is a $10bn problem. It is really not something of concern"
“It has some symbolism impact on Europe, but it’s not a really major economic issue,”
"It does remind us of the frailties of Europe; it does remind us that the European fix will be multiple years, but the essence of Cyprus is more symbolic...
Blackrock is representing the Cyprus government so I am not permitted to talk too much about the specifics
Many of the depositors in Cyprus are not EU members - maybe a little east and north of Cyprus - and therefore bearing the cost on depositors is an indication that "we're fine with bailing out EU members and EU depositors, but this is quite a bit different"
So you dont care about Cyprus but the market did...
This is just clients taking some chips off the table and reaping some gains from the huge rally.
This is temporary
Cyprus is just one of the elements that is being used as an excuse
Were u shocked at them trying to tax bank deposits?
Smugly (2:28) Fink initially ignores the question, smiles a wry smile, and doesn;t answer...
BBG: Well even people in America were questioning that...
A) we have insurance, so that will not happen; (SO DID CYPRUS)
B) we have always prioritized the liabilities (EXCEPT for GM)
Where are we in the European credit crisis? Are we close to the end?
We're in the third inning. This is a long process, the work done in Spain and Italy over the last year is very good (Spain now has a current account surplus). So there has been much improvement and yet there is a lot more to do...
you still have the instability of finances in France that we cannot underestimate how severe that could become
The OMT was designed to firewall Spain and maybe Italy but there's not enough money in Europe if France continues down the path of having huge deficits and huge imbalances of productivity
France is just not as competitive as Germany and that remains a big issue
We are going to have 6 more innings of evolving uncertainty
At 5:00, Are we in a correction?
FINK: We are definitely in a pause. Inflows have flattened and most of that money came in from cash - not a rotation from bonds. It was really people putting money to work and now some people are taking them money off
Depending the macro data, we could see a 5% correction or a prolonged 1-2 month pause
At 6:00, but by year end equity markets will be a lot higher with a potentiality for global markets to be up over 20% by year end.... markets are improving, economic conditions are improving, the changes in Japan is a net positive, China is not as weak as we feared, and the US is going from strength to strength to strength - and that is the dominant story in 2013
I am hyperbullish on the US economy
- 16023 reads
- Printer-friendly version
- Send to friend
- advertisements -


Translation: These aren't the droids you are looking for.
I'll leave a bad taste in that chick's mouth.
Clorox?
Imagine all the people……….
Or a lot of people participating in a new movement, a Movement In Liberty In Truth In America or MILTIA © for short, who’s motto is “this will not be a peaceful demonstration” and who’s prime directive is to detain individuals under citizens arrest that have Corzined the people and not stood trial. A group that welcomes planted agitators to its functions, and after identifying them arrests them and publishes their identities for who they are, example plain clothes cop, secret service, military……….. And with anonymous donations, uses the funds to set up pirate cable, television, radio stations and internet sites. Also urges its participants to talk to relatives, friends, and neighbors on a one to one or in a group to spread the word and be prepared. And show loving respect for constructional oath keepers.
You can say I’m a dreamer but I’m not the only one…………
If you have any ideas please help
Spoken like a true joo....they dont care for anyone except themselves. But what goes around comes around. His time hasnt come yet..
I was part of the merger of MLIM (Merrill Lynch Investment Managers) and Blackrock back in 2007. I kid you not - when we went to Manhattan for merger meetings all they gave us for lunch was a bottle of water and a bowl of Blackrock mints.
Well, you sure don't sound very grateful.
"They tried it. It didn't work. So, let's move on."
~ Larry "The Stink" Fink (on the EU initiative to tax Cyprus bank accounts)
Oh, how our overlords love us to just move on and not concern ourselves with their games. Keep maxing out your 401Ks and Credit Cards. All will be well.
The bankster jew is what will tear this country down.
The shame of it is, they'll throw all of the other enabler jews who defend them under the bus, when this thing blows.
It amazes me sometimes how often people live up to their name....Fink, Madoff, Dick, B.S. Bernanke, etc.
Fink (JEW- still free and raping everyone else legally but he dont really care),
Madoff (JEW in jail, thats what you get for fucking the tribe),
Dick (if you mean Fuld, JEW but used as scapegoat by the other JEWS, someones gotta take the hit),
B.S. (If you referring to Ben Stein - the JEW who thinks hes real funny, I just find him funny looking)
Bernanke (Biggest MoFo JEW of all time, well maybe tied with Greenspan and Larry Summers)
... Shilling, Fastow, Barak Hussein Obama (BO), Gutfriend, Tiger Woods...
I love how he speaks to "who will bare the responsibility" as if it is unknown to whom responsibility is owed. Let's go after depositors who had abso-fucking-lutely NOTHING to do with the debts incured so as to free the burden from the derivatives, EU bonds, and interest being layed upon the money already borrowed. Sounds like the EU has imported Amerikan decomcracy at its finest.
Larry Fink isn't that bright.
Fair enough, ZH. But counter-point; Larry Fink of Blackrock can & has shown remorse when clients have lost hundreds of millions (and dozens of billions) of dollars, including during (frequent past top ticking moments) when Larry Fink has been "hyper-super-so so so sooo-bullish" before, despite things not panning out so well (the joys of OPM; you just can't lose, no matter how epicly bad your calls nor idiotic your "advice").
Just one (of many) example:
Stuyvesant Town Hurt Larry Fink On Very Deep LevelSad Larry Fink. Very melancholy; defensive due to horrendous abomination of "investment advice, but very, very Sad Fink:
And the oscar goes to...
Larry is close to the free money spicket and manages the money for several very large institutional investors, he really doesn't give a shit.
Just because he's been far more frequently wrong than correct, and runs a too-big-to-fail with express U.S. taxpayer bailout guarantee status, and has nearly perfectly top-ticked many 'a markets with his raging bull El Bullience (see what I did there? Raging Bull?...El Buli?....ehhh..ahh ha...) doesn't mean he's not The Best Around.
Larry Fink Is a Real Human Being With Feelings and Emotions [NYM]
Larry Fink, I'm sorry if I offended you. I never called you "fat Larry," by the way. Not my style.
i'd sooner leave a bad taste his mouth by shoveling the shit back into it.
The only thing this phsycopath cares about is his bonus!
I guarantee the guy is a sociopath.
You don't carry the name "Fink" and not become one...
Finker-lickin' good!
doesnt add up....
i'd think that the cyprus situation would be "huge" news to a "hyper" bullish guy....it would be a trigger for massive inflow of global wealth seeking safe haven in the US.....it would take someone from bullish to "hyperbullish"....it certainly isnt the disposable income story.....taxes going up, inflation going up, fewer taxpayers year over year, all time high food stamps and disability, health care costs skyrocketing, 3.8% obamacare tax on housing transactions, massive and snowballing pension liabilities....and massive new spending that WILL be paid for eventually....it's not a "hyper bullish" story at all. but if anything, cyprus could be seen as bullish for the USA (provided our boys dont get any ideas)
...and for the bernank to cryptically say today that: "Cyprus does not matter, but QE will continue because of Cyprus"
I've given up on watching news, these people can say whatever they want and never get called out on a fucking thing. HL Menken is rolling over in his grave.
Thank you ZH for shining a light on all the BS.
It isn't "News" anymore. It's TMZ with a weatherman.
Go ahead. Watch the morning "News". They lead with some celebrity gossip, follow it with the latest uTube viral video, mix in the pillowfluffing weatherman, and close with a Presidential blowjob.
hence, the majority of America has turned away from it, and look for their "real" news from internet sources. Inconcievably, though, they've gone even more TMZ-ish in their attempts to lift the ratings. It's a spectacular fireworks show, watching these douchebags (ABC, CBS, NBC, CNN, MSNBC) go down in flames. Suck it Katie Couric, George Stefanopulis and any View Host. You're nothing more than tabloid TV with an overinflated opinion of yourselves. Ha ha. Losers.
Actually, his response seems rehearsed and his follow up seems nervous. Maybe the infobabe should have asked why he shit his pants?
Translation: "I got mine; Fuck You."
Or another way of saying "That is why I'm richer than you..."
Alternate translation:
Let them eat German Knuckle Cake.
I'd say it must be Juncker-serious.
Orwellian overload....
'What's really important'....is that STAWKS are up! Keep making those deposits, consumer lemmings!
"The important thing is...stawks are off of their overnight lows. Stawks are near all time highs. Stawks are cheap. Stawks are trending. Stawks are emerging into a new bull market. And everyone knows that it is in everyone's interest [stawks] to find a bailout solution for Cyprus." B. Pisani
The key phrase he forgot to use.......What difference does it make!!
What an asshole this guy is.
but that's why he's richer than you. smirk smirk
This fucker is a major leaguer
did you mean to have a question mark after that comment?
His name, at least, fits him. Tho Larry Prick or Larry Shithead would apply equally well.
Worlds largest money manager doesn't care....pfft.
If every country in the world is buried in debt where did all the money go Mr. Mcsnarkypants?
Right in your greasy pocket you crony fuck-head.
Fuck him big time.
Larry Fuckstick or Lawrence Painfulrectalitch
chunga,
why do you feel the need to insult assholes? ...
an asshole is an orifice were vile stinking ,useless shit comes out of.....oh, never mind i see ur point now...
No offense intended for normal, regular assholes.
It's like saying that our paper dollars will never deteriorate in value against paper currency from other countries because ours have the all seeing Souronesque eye over a lucky pyramid on the back, and theirs don't.
Larry Fink is hereby nominated as Larry Flynts jackass of the month.
Fuck you, fink.
hyperbullish on the US economy
Molly geez......that's just one step short of double dog bullish.
What did you expect him to say? Blackrock is the sponsor of SLV. You know what it means.
Ironic that the kids who made fun of his name in grade school turned out to be prescient.
Larry, i shut down four savings accounts yesterday simply because i have NO TRUST OF ANY GOVERNMENT.
The rest?
I don't care.
http://www.bbc.co.uk/news/world-europe-21858531
You gonna care about this.
Ms Lagarde has denied any wrongdoing.....but that's pretty normal.
Any one named Larry, and any one named Fink, should automaticlly, not care. With the exception of themselves of course.
I'd love to see the accounting that has "Spain doing very well"
Translation "Spain is going according to plan".
-Larry Fuckstain
He should reveal what are his fees advising Cyprus. He is doing a bang up job definitly.
Shill
Susan Li is really hot.
Bullish? As in bullshit bullish, right?
Long steer manure.
Sounds like a guy who is hyper-leveraged long equities. The 10 billion is chicken feed- the fear is if Cyprus sticks it to the big banks and debt holders and comes out better for it - setting a 'better way' for other EU nations to follow than austerity and an IMF horse collar
Why would you think Cyprus would do that? AFAICS they were the ones insisting the below 100k deposits had to pay too, just to keep the tax on the rich in single digits ... the only people they are going to stick it too is the poor while trying to blaim Merkel.
Of course Nicos Anastasiades pushed for everyone to pay. If you were him, how would you explain it to the KGB that they would be the only people having their money stolen. It had to be done in such a manner as to show that everyone would have to contribute to the bailout. What a major fuckup.
I can tell you this much...if they would have stolen from the KGB, all of those politicians in Cyprus would probably meet their maker in a matter of days. Why do you think there were no "yes" votes?
By saying "fuck you" that's how ... what's the alternative if the EU/ECB doesn't blink?
They can let the Russians wire out all their money in a microsecond after the bank holiday ends and then try to blame the fact all the money disappeared on Merkel some how ... and though the sheep are stupid, I don't think that will work. Cyprus will burn and the politicians and bankers will need to emigrate in a hurry.
They can let the banks declare bankruptcy before the bank holiday ends ... the Russians will lose nearly half their money in that case, but there will probably be enough solid collateral to pay the deposit guarantee.
They can enact capital controls and pretend things are fine for a couple of weeks.
Fink is a democrat. Why even bother printing his opinion?
you imply a republican opinion means more. wrong.
Not sure where a progressive neocon fits in....it's all marxism to me.
no fink owns the democrats........big difference.....................
... that is the real implication everyone wants to 'overlook' ... ala Barry Big Picture Blog who is a Sidney Blumenthal propagandist of the highest order .... all things 'narrative'
It is the 'narrative' ... it must not ever lose its shape otherwise the 'people' might wake up
modus operandi - look the stupid masses in their collective face and LIE! it is an age old technique - LIE.
larry fink is short this market. and he will yank the rug out in the age old 1929 replay - that never gets old.
this is the ongoing generational sequester of the stupid masses assets.
larry fink - we know who you are - there is no hiding anymore.
The US deposit guarantee is effectively backed by the printing press, the dollars you get might not be worth much in the end but you will get them.
I think that they would need more presses and a lot more time to back up the deposit insurance ...
http://www.zerohedge.com/news/2013-03-19/us-deposits-perspective-25-bill...
Thank goodness it's different this time...
....
....
Isn't it?
The chinaman is not the issue here, dude.
'Markets have it all wrong'? So what does he want then....markets to DROP? Because all I see is re-ramped indexes back to Friday morning levels.
Nothing to see here...move along and keep depositing your moneez.
"this is temporary," and adding that he "is hyperbullish on the US economy," and that "global markets will be up 20% this year."
This man is a fuckin fool and I am surprised that Zero Hedge would post such bullshit! Hyperbullish on a possible 1.9% growth in GDP? Smart guy!!
Really, when will the people finally say enough is enough and stop participating in the ponzi? When
The hubris is foo the chart!! Is Jamie D-richer then him?
I wonder if "I don't care" in finklation means "I'm in balls deep and don't want to talk about it"?
That's right!
If you're all - in in the confetti business, you don' really care.
Fucking fascist, go fuck yourself Fink.
The increase in just Ad Hominem attacks is both crude, dumb and boring. I miss the old ZeroHedge of wit, insight, and some true laughers. So you don't like what a person says, so you don't agree, please rise above your IQ a bit and clean up your writings.
This was a PSA from an old time ZH'er.
We've tried facts, intellectual arguments, citing historical precedent, none of it worked.
You then realize you are fighting kindergarteners.
All you can do is call them a poo poo head and move on.
Maybe just letting off steam?
Now back to your regularly scheduled program.
-Larry Dingleberry
Apparently someone has no appreciation for the literary device know as alliteration....
Fink, Buffett, Dimon, et al
once upon a time respected them even though I may not have 'bought into' all that they uttered publicly .....now view them all as hyper-crony capitalist hypocrites.
Want details? ...... too many to cite & waste more time
___________above from an "old time ZH'er"
This is the guy who had a hand in creating MBS. He is adept at losing a billion here, a billion there. He thinks Japan is on the way back. Unemployment is still high and going down by having low wage jobs replace middle wage jobs; food stamps are at all time highs; the US government is completely dysfunctional; he concludes that it is time to be hyper bullish for the US. And HE IS MANAGING $3.8 TRILLION. This guy shouldn't be managing a lemonade stand. What is there to argue? This is all bullshit and he is a "floater."
You mean back when "Gold, BITCHEZ!" was the most common comment posted? Yes, I remember those days of wit and insight and some true laughers too. Cheerio!
You're thinking of a different website.
I'm surprised Fink stopped short of declaring 'Ludicrous-Bullish!'
He went bullish plaid a long time ago.
Fuck it! I'm plaid bullish!
Well...another major disaster declared 'just fine, nothing to see here' and we're back to full pump mode on equities once again! All is truly WELL!!
Fink is a piece of shit. An Oligarch of the first order.
FUcK YOU FINK.
Fly your private jet to France and this time do not come back.
We know what you are. Shame on you.
Just one more cocksucker who I would gladly play my bagpipes for at his lynching
These people are pathological and they will have to be dealt with when this all goes down again.
First of all Larry comes out of it as total idiot who really doesn't know what he talks about (different case because deposit insurance and prioritzed liabilities in US), secondly those Cypriots must be the bunch of idots too hiring Larry who doesn't care to represent them in any capacity. And at the last he just do stupid marketing job for markets.
Isn't Blackrock cutting 10% of its staff?
Is that HYPERBULLISH?
Perhaps instead of guillotines we can to crucifixions on stars of David. Actually I think that is already a Zionic satanic ritual.
Ehh, still a good idea.
Imagine the warning of 500 bankers nailed to giant stars of david lining Wall and Broad.
The arrogance of the ruling Elites. Funny how desperate they are to put a good face on Cyprus and the confiscation of savings. As if insurance covers that...Spain has modified their constitution to allow the same confiscations. How long until other nations follow suit?
In the land of the free (har, har), you cannot have a bank that is not tied into the FED system, so do we have free choices? Talk about barriers to entry...
I'm sure global bourses will be up huge this year, but then again, so will all prices to reflect it. That happens when you dump liquidity into economies without concurrent production. The Nikkei is a great example, look at the new highs! Too bad for the people establishing new lows.
The renaissance is over, the Elites have produced enough population to dictate wage levels and living conditions, welcome the new feudalism.
Larryis right....Fed money hose on nothing else matters.....thats 85 billion a month......Cypriot 10 billion who fucking cares.....
Doesn't Blackrock also sell paper gold via ishares????
"the US is going from strength to strength"...he "is hyperbullish on the US economy"...They don't ring bells at the top, so the saying goes, but it sounds to me as if this motherfucker just rang the mother of all bells. What the fuck does he know that the rest of us don't....almost sounds as if that iceberg is dead ahead.
As an aside, I didn't think it was possible for any man to be more amoral than Jamie Dimon, but this motherfucker just may be.
Ah, how times have changed.
===========
Stocktwits @StockTwits 10h Tonight's history lesson: In 1941 the $FED said no to taxing Bank Deposits http://stks.co/hPEg via @hertcapital $STUDY
http://stocktwits.com/message/12636721
I'm super bullish giselle buendchen.......LOL
I trust this guy as far as I can kick a 100 lb brick.
Madoff and Fink exactly the same !!!
'This dip ...'
Was I the only one that thought Tyler ment Fink when reading the above.
Problem is, there is no Accountability, you can say whatever you want on TV or in Print, if your predictions do not Materialize, OH WELL!! Just like Cramer, when he makes a huge error pushing his viewers into the wrong stock, his answer, "I own it" sorry, NO, the viewers who bought the stock on his recomendation, "OWN IT". If Mr. Fink makes statements like, "20% higher this year" and it doesn't happen, there should be some kind of price to pay, I think you would see a lot less Sell siders pushing their books.
Jan. 2 (Bloomberg) -- BlackRock Inc.’s Laurence D. Fink, who heads the world’s largest asset manager, tempered his optimism for the stock market in the first quarter after saying he’s disappointed by the bill U.S. lawmakers passed to avert spending cuts and tax increases.
“I look at this as a very bad warning sign,” Fink, chief executive officer of BlackRock, said during an interview today with Erik Schatzker and Scarlet Fu on Bloomberg Television’s“Market Makers.” He said he would buy bonds, while being more cautious on equities in the short-term.
Jan 2--Fink cautious with S&P at 1462, DOW 13,412--100 / 1,000 points later, "hyperbullish"...
What an arrogant cunt. I feel better already.
We have now entered the Twilight Zone.
Where loss is profit.
Where declining output is increased productivity.
Where transfer payments = higher GDP.
This is naked propaganda.
What else can Larry the fink say? His livelihood and self-image are completely dependent on the financial system having total control of the people. He must try to mitigate the impact ... but no one trusts Larry the fink.
"This is not the breaking of the covenant between the financial system and the people you are looking for. Move along, move alone."
It just shows how separated from the people and value adding activity the creators of fiat have become. They want to preserve the illusion of their importance while at the same time they are systematically reducing the positive impact that it has on the people they ultimately are dependent upon. But they do not see it that way. They believe they are the gods among men ... simply because they have the power of the printing press. Not a great way to choose a god if you ask me.
+1
Either Fink is a complete fool, which I doubt, or he is trying to buy time while he gets his finances into a "more comfortable position".
I vote for the latter.
In other news, Bambi, a popular New Orleans hooker, has made a statement that she is not riddled with syphilis and herpes.
"These unfounded rumors are bad for business and I want to assure all of my customers that all is well and the water is warm so come on in!"
In other words: Line up, greater fools, I got some "assets" for you!
Yer and try as he might this man will not have one single happy day in his angry self hateing life.
Cyprus, "I don't really care", as long as we can continue to collect a fee for advising them.
Advising them what? That you don't care? It's laughable how hypocritical, convoluted, and contradictory these guys are when they speak. Bottom line, when an incident doesn't represent a huge new profit potential for them, they don't care. But, you can bet your ass they're looking for one in this mess, and they'll throw anyone or any economy under the bus to get it when they find it. Try to stop them and you'll be facing an army of their lawyers.
Another bloodsucking jew bastard. Wake me when one of those motherfuckers isn't robbing someone.
"When it gets serious, you have to lie."
All these guys are scared to death over Cyprus as is obvious from the bravado, and if they admit it, the whole thing falls apart immediately.
Just like walking onto the floor of the NYSE and yelling out an order for 10,000 shares of XYZ as the market was collapsing. Human psychology hasn't changed one bit in 80 years.
Fink is a terrible last name to have. He should change it to Liesman.
Fink, Buffett, Dimon, et al
once upon a time respected them even though I may not have 'bought into' all that they uttered publicly .....now view them all as hyper-crony capitalist hypocrites.
Want details? ...... too many to cite & waste more time
I agree with you. The 'good-ole' boy network has never been stronger. It's a fluid group. Kind of takes the shape of thinga around them. Hard to pin down because they're not opposed to spinning for what they want - kind of like the whole universe rotates around 'their' world. An amazing thing to see. Don't know whether to laugh or puke. In spite of everything, I almost feel sorry for them. Sociopaths in the truest sense.
You were a simp then and you're waking up now.
Welcome to the fucking party; now dance, bitch.
Einhorn is Fink...le. Fink...le is Einhorn. LACES OUT, CYPRUS!!!
Just another Jew fink.
white guy named fink in suit and tie. shit-eating "smile".
his lips appear as though they would leave paper cuts on your cheek if he kissed you.
i'd bet a silver eagle he's a sociopath. giveaway: "I don't care."
easy pick.
fuck the bankers. the sooner we see one swinging from a lamp post, the better for everyone. disable martial law now: start hanging bankers.
"his lips appear as though they would leave paper cuts on your cheek if he kissed you."
Thx a lot. Now I have to eat breakfast all over again...
Fink is a dink. 20% this year. I'll bet you it's down that much.
His last name fits him well.
Mr. Fink thinks the FDIC can protect you from a wealth tax?
People really give this aptonymic asshole their money to manage?!
Larry "Rat" Fink.
yeah, I will rename him "Rat". Must have sucked to be him in grade school. Actually.....guess it still sucks.
Larry Fink, Steve 'Lies'man, Mike Hunt, Ben Dover, Amanda Huginkiss, Hugh Jass, etc...
What an unbelievable arrogant! Do you have to be like this to be Secretary-ible?
As for his comment about France, Moscovici must have dared turn his services down to solve France problems !! Link has been outcocky-ed.
Imagine an entire industry based on how best to deceive, the greatest number of human beings...imagine a nation. Could. not. make. this. shit. up.
Nothing to see here, move along! Sounds like someone whistling past the graveyard at midnight, any way he's probably got his money safe in pm's.
Subprime is only a tiny tiny dip. Subprime likely to be contained. Sounds familiar?
Larry doesn't see a problem anywhere with anything. Talk about setting off one's BS detectors. He loves everything. I don't like his adjective "hyperbullish". I don't like hearing that from the establishment.
Never liked him...
This assdouche-on-the-take is the Bobby Petrino of finance. He'll look at your red ink & tell you it's black, tell you how excited he is that the ink is black, and then right before everything goes to shit he'll already have employed one of his backup plans to get out of town, which in this case will be a handsome bailout courtesy of you & me. That's what fucking pisses me off more than his braindead comments. Zombies like him should be the first ones to fucking lose everything for being so assholishly stupid about basic economics, but will be one of the first ones to be made whole with fake money the rest of us have to repay with interest. Ready to secede yet?
Isn't Blackrock the big scum... errr slum lord company buying all the houses people couldn't afford to rent them back to the same people who still can't afford it?
Lary Fink "I don't really care".
Translation: as long as we still get Carried Interest, I'm cool.
Translation: "Well, the peons in Cypressss must understand that the Fed lends US Govt and banks many times their problem figures per month. I'm rich, you're not, where's my ascot? I think US peons should buy stocks so we can unload, because if we only fuck IRAs, and 401Ks, well, US peons might be pissed like Cyproid's peons."
Fink is just THE lamppost decoration to have this Jubilee season!
larry fink's last name is most appropriate and is certainly a summa cum laude graduate of the "that's why i am richer than you" school fucktardery.
"I am hyperbullish on the US economy"
Humm, lets clarify for the mentally challenged US consumer:
I am hpyperbullish on the unsustainable path the dumb US consumer has embraced with the guiding hand of the ponsi and wasteful financial system, we proudly have, integrated with the highest level with the semi-fascist government.
I am especially hyperbullish, for I know, we will continue pushing the limits of the current system as long as we can sustain it. Meanwhile if we get some breakups, we surely will be bailed out (of course) because:
a) we have insurance from the FED cartel that will print as much as is needed in order to perpetuate
b) the option of not printing is disastrous for everyone ( of course mostly for people like me who gained control over the corrupt system: "this is why I am richer than you")
And when the BIG rebalancing startes to materialize on the streets, and the socioeconomic fabric can not support its weight any more ... well who cares, I hope I will not in the game any more (one way or another).
That should be our new national anthem. Also, welfare babies and world police.
"HYPERBULLISH" Thanks for the warning bro!