Posted by Richard Willett - Memes and headline comments by David Icke Posted on 10 December 2022

Cult-Owned BlackRock: Prepare For Recession ‘Unlike Any Other’ … And What Worked Before ‘Won’t Work Now’

The world’s largest investment manager has gone all in – and says a global recession is right around the corner. What’s more, the financial tricks deployed by Central Banks in the past ‘won’t work this time.’

According to BlackRock, the global economy has entered a phase of elevated volatility, and that a recession is imminent due to central banks aggressively boosting borrowing costs to tame inflation. Their actions, according to a team of BlackRock strategists, will ignite more market turbulence than ever before.

And when things get bad, “Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don’t yet reflect the damage ahead.”

What worked in the past won’t work now,” said the strategists. “The old playbook of simply ‘buying the dip’ doesn’t apply in this regime of sharper trade-offs and greater macro volatility. We don’t see a return to conditions that will sustain a joint bull market in stocks and bonds of the kind we experienced in the prior decade.”

So what can actually tame inflation? A deep recession, according to the report.

To navigate the coming storm, BlackRock recommends more frequent portfolio changes and taking a more “granular view on sectors, regions and sub-asset classes.”

Compounding the issue is aging workforces around the world – which is one key reason that the supply of US labor is struggling to keep up with demand.

Read More: BlackRock: Prepare For Recession “Unlike Any Other”… And What Worked Before “Won’t Work Now”

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