BlackRock says we’re all doomed. It’s being optimistic. The world’s largest asset manager has forecast systemic economic chaos.

via opendemocracy: The working assumption, for governments and central banks across the world, is that at some point soon everything will get back to ‘normal’ – our economies will return to either pre-pandemic or, sometimes, even pre-2008 crash levels. These beliefs …

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This is similar to 2008.. bulls were still optimistic about the economy because staples were doing well. Huge red flag but dumb money doesn’t see it

Just remember that cyclicals stocks get slaughtered by higher rates and defensive stocks still perform well.. for example: Pepsi is still forecasting higher revenue.. bulls will keep saying the economy is doing okay, we’ve not reached fear like fintwit says …

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