Fink president and CEO of BlackRock, photographed for an interview in Madrid. Carlos RosilloPhoto: Carlos RosilloLarry Fink is not only a businessman, but for many he is the “wizard” who pulls the strings of the global economy from the shadows. At the head of BlackRock, the largest fund manager in the world, he manages 14 trillion dollars, a figure greater than the GDP of most powers. Fink has spoken with EL PAÍS and these are some of his conclusions: The impact of war on the pocketbook. “If the war drags on for a year, energy prices will rise even more and the world economy would enter a recession.” The “reset” of globalization. “Self-dependence is more expensive than globalization.” The recipe for Spain. The head of BlackRock criticizes that Spaniards keep a trillion euros in bank deposits instead of investing in the stock market, something he attributes to fear and a focus on the short term. “When your money is in the bank it is because you do not believe in the potential of your country,” he said. And artificial intelligence. «AI is going to transform society. It is going to create a huge number of jobs and eliminate many others. We know it, we see the train, we see it advancing.»©Photo: Carlos RosilloIf you want to know more, you can read here.
The four keys of Larry Fink, president of BlackRock, to understand the future of the economy and the price of energy
By TP
