Larry Fink Says "Warning Signs Are Getting Darker" For U.S. Economy

Tyler Durden's picture

Larry Fink, CEO of Blackrock, sat down with Bloomberg earlier today to provide some rather dark warnings about the U.S. economy saying there are signs of slowing as businesses weigh whether the Trump administration will be able to pass tax reform and an infrastructure program quickly.

Among other things, Fink said that “the warning signs are getting darker" and pointed to slowing auto sales and corporate M&A activity as evidence that the underlying economy may not be as healthy as S&P returns would indicate.

"The U.S. economy is not growing as fast as people would have thought in the 4th quarter."

 

"So to assert that we're going to continue to grow at this size or higher...well, I never make forward predictions like that."

Meanwhile, in a comical detour, Fink said the market is waiting for Q1 earnings to determine whether the recent equity rally in the U.S. was justified...

"I think as we see the consternation in the marketplace now there is a little pull back.  I think people are waiting to see corporate earnings for this quarter to see if there is a justification of this significant rally, especially in U.S. stocks."

...allow us to end the suspense...it's not.

 

But, since when do fundamentals matter for equity prices anyway? 

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Pinto Currency's picture

$63T in total US debt.
Fed raising rates.
Bam - it's over.

Peacefulwarrior's picture

Gonna be over many other places well before "it's over" in the USA as we can still manage debt even if interest rates rise.

Son of Captain Nemo's picture

Ya know Pw

I use to love Rutger Hauer until you started using him as your "avatar".. That is!

Peacefulwarrior's picture

You need a time out Nemo... I remember there being open-minded people that stepped outta the box on this site to examine from other vantage points, not myopic cat's like you Nemo... Insults from some asshole hiding behind his computer keys is a sticks and stones situation at best for me.

Son of Captain Nemo's picture

So dazzle me you "unsuccessful ex-CEO"?!!!...

You haven't showed us anything different than MDB!

Peacefulwarrior's picture

MDB uses sarcasm to invoke thought, you may have missed that too with your linear thought waves.

And again there you go "assuming" with the "Unsuccessful" CEO comment. You're a punk Nemo, i would highly doubt you would be quite as interested in engaging if I was standing in front of you. Last I looked everyone is entitled to an opinion on this site. Insults are the work of a weak mind NEMO.

Old Muppet 1's picture

This is the most boring online argument I have ever read.  Step it up boys.

Peacefulwarrior's picture

Ha now that is a most excellent comment! We need a undisclosed location where two men enter and 1 man leaves for this type of BS. As soon as everyone has to think/agree with the likes of NEMO to not get berrated, then ZH is no longer Relevant.

Oldwood's picture

Don't be silly. They can always print MOAR.

Pinto Currency's picture

Raising rates is by definition printing less.

DownWithYogaPants's picture

These guys end up with names like "Fink". 

Yikes!

Peacefulwarrior's picture

Yeah that's all great when reading a college text book, fact is the weaker economic Periphery goes into melt down first, creates money flow to safer areas. It will not include the USA defaulting on debt yet, even if interest rates rise. Thunderdome is not at our door step "yet"

Son of Captain Nemo's picture

"$63T in total US debt.
Fed raising rates.
Bam - it's over."...

Yep. And it's not like we never saw it coming either!

BennyBoy's picture

 

 "Warning Signs Are Getting Darker And Darker, For 9 Years Now"

 

It's the end of times!!!

No, wait, its sell in May and go away!

Osmium's picture

It's a damn good thing there is no correlation between the "markets" and the economy.  I don't want my stawks to go down.

Raffie's picture

News crew- So Larry, would you say the economic darkness color is black?

Larry Fink - I would not say black.

News crew- Well then how dark?

Larry Fink- Ummm if I have to choose a shade I would say charcoal, but not black.

News crew- Okay, thanks for clearing that up Larry. In our next report, why white people are not really white......

GunnerySgtHartman's picture

Cracks me up when these 'wizards of smart' start jumping up and down, screaming that the economic canary we call car sales are slowing ... HELLO, car sales started doing that LAST SUMMER, where have you been?!

silverer's picture

Time to add a unicorn to old glory.

Peacefulwarrior's picture

What he didn't say was that in the spirit of humanity Blackrock will be there to help everyone out of their burdensome assets for pennie's on the dollar.

froze25's picture

Along with just about everyone else that reads this website and pays attention 

biker's picture
biker (not verified) Apr 19, 2017 2:03 PM

Only idiots trust thieves.

FreeShitter's picture

Yeah fink you fuckin kike we know this

NoDebt's picture

Up vote for using the word kike.  Haven't heard that one in a while.  That's a word my grandmother would use.  The sweetest, kindest, cookie-baking, help-out-the-neighbors, racist little old lady you would ever meet.  She also openly called black people niggers.  Not in like 1952, mind you.  I'm talking about 1992.  In the middle of a department store and not in anger.  "I'm just calling them what they are, honey.  Why is everyone so upset?"

She was fantastic for that sort of stuff.

FreeShitter's picture

Sounds like a my kind of grandmother lol...she was right

dogballs's picture

Spicks, Daygos, Polacks, Slope Heads, Yellow Devils, Dot Heads, etc. etc.
Equal Opportunity Racist name calling. Sounds fair me.

booboo's picture

I'll wait until Moe and Curley Fink comment on 2Q earnings but glad to see Larry finally got a hair cut, he loked awful in The Three Stooges Meat the Mummy

biker's picture
biker (not verified) Apr 19, 2017 2:09 PM

!celebrating 100 years of endless UK war 1914-2014

http://www.freakingnews.com/pictures/84500/Soldiers-in-Dresses-Painting-...

~Britain has been continuously at war somewhere in the world for 100 years.
https://www.youtube.com/watch?v=p0fmRw_VSvA

dogballs's picture

Hanging on to what little they've got.

https://g.co/kgs/Oqt0be

Hurricane Baby's picture

I simply skip past any of these articles wherein the author does not recognize or acknowledge that not only are we currently in a depression, we have been in one since at least 2008 if not before.

MAAAHM's picture

Remember the day after 911 when gas stations closed for good...

rickv404's picture

"...saying there are signs of slowing as businesses weigh whether the Trump administration will be able to pass tax reform and an infrastructure program quickly."

They are slowing because the government is failing to spend money? Well, it is Bloomberg after all.

biker's picture
biker (not verified) Apr 19, 2017 2:12 PM

It will be the first time an incumbent was not nominated by his own party for reelection.

rent slave's picture

Hoover was re-nominated in 1932.

GIABO's picture

Larry the Jew...

Silver Savior's picture

No doubt things are getting worse. I was talking about it since 2014 on CNBC. I even thought things were bad then. Holy cow look at what we have now. Trump and the retail sector falling off a cliff. Lots of other sectors set up to fail too. 

Anyone who thinks things are good live with Mom and Dad. Speaking of that, it really looks like a good deal.

Hitlery_4_Dictator's picture

You truly are a hero, many people have been saying it since the 1970's.  People here have been saying it since 2009.  Glad you finally woke up and joined reality.  BTW no one has cared about CNBC since 2008

VWAndy's picture

 As if leverage was growth? Wow this guy is just so FOS!

GreatUncle's picture

Oh my do they believe their own figures? ... it never was growing that fast.

Too many manipulation and fraudulent / deceptive figures to paint the turd a nice color.

That brank spanking polished thing? Still a turd though.

Squid Viscous's picture

Larry when we round you up for the next jew roast, you may be singing a different tune

VWAndy's picture

  How does one go long turd polish?

In.Sip.ient's picture

Translation for everyone else;

 

Please, Please, Please Stop Raising Rates

REALLY , I'm "pleading"...

 

ROFL...

 

1stepcloser's picture

Raising rates should help right Janet...

Blankfuck's picture

No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------No worry the Fed Reserve Fuckers Of America will save the day! Buy The Fucking market Dip!--------

CitizenPete's picture

So...  if I'm understanding you correctly, I should BTFD?

 

Back to 2010?  https://www.youtube.com/watch?v=0akBdQa55b4

aliens is here's picture

I didn't read the article. I am tired of doom and gloom articles. Is he trying to sell gold or silver?