Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning – Finance Bitcoin News

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Blackrock predicts that equities will likely suffer more as they are not priced in for this recession, as the economic damage caused by the actions of central banks is still building.

Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world defined by a supply-based economy and high levels of inflation.Blackrock, an asset management and investment company, has presented its predictions for what the next year might bring to financial markets.

Furthermore, When it comes to inflation, the report states that central banks will have to stop tightening policies before reaching their intended inflationary targets and causing economic crises. On this, the report concludes that “even with a recession coming, we think we are going to be living with inflation.”The firm believes that the new economic configuration calls for new ways of facing the markets, as the old playbook of “buying the dip” will not be efficient as there has to be a continuous reassessment of how the dynamic policies exerted create economic damage.

The firm has also issued its opinion about crypto and cryptocurrency companies in the past. Larry Fink, the CEO of Blackrock,that he believed most cryptocurrency companies would not survive the downfall of FTX, formerly one of the largest cryptocurrency exchanges on the market. However, he did recognize that blockchain tech will be important as a tool to help tokenize securities as part of next-generation markets.

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The curves so inverted it looks like a pretzel. Wait to all those pension funds collapse, civil war will be just around the corner. Politicians might want to head out to their billion dollar vacation homes

Obviously. We were in a decade of QE and cheap money for too long. Hence, this current mess.

Looks like they are short the market today.

Lost Decade en route?

so join btc

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DigPerspectives Crypto always bottoms before equities market …and I’d say we’re pretty much ‘there’ (or thereabouts) for Crypto.

Weren't these guys pushing FTX?

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people keep talking about the 'recession coming' but crypto winter has already been quite long. We are strong

Hopefully stability will be restored soon

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So this means we will be bullish on crypto in 2023 basically people

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