by BoatSurfer60
NEW YORK — When the bond chief of the world’s biggest asset manager
looks at the U.S. right now, he sees a lot to like.
A combination of resilient government, corporate and consumer spending, improving homebuilder data, $1.5 trillion in excess savings and low unemployment tell BlackRock’s Rick Rieder that the American economy is faring better than many expected.
“I think the U.S. economy’s in much better shape than people give [it] credit” for, Rieder said Tuesday at an event at BlackRock’s New York headquarters.
“There’s this thesis that you will have a dramatic slowdown,” he said. “When you break down the numbers, it’s just not apparent.”
https://www.cnbc.com/2023/05/23/economy-good-shape-blackrock-rieder.html
Commercial Real Estate Bubble Popping
