this post was submitted on 19 Feb 2025
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Sorry, I have to call shenanigans. That article was written in 2022:
https://markets.businessinsider.com/news/stocks/blackrock-recession-warning-stock-market-analysis-2023-economic-outlook-2022-12?op=1
A more recent article, in 2024, says they see no recession:
https://www.bloomberg.com/news/videos/2024-08-19/blackrock-still-overweight-us-stocks-sees-no-recession
People on Twitter literally make shit up to fit narratives.
Thanks for the correction. OP should delete their post
Also going to raise the call of shenanigans on the implied support of accelerationism, an ideology based on magical thinking and involuntary blood sacrifice, and no historical data showing any efficacy.
We were also getting told by the WH things are great and we are not struggling.
I mean, people obviously say things because they have an agenda.
But let’s look at BlackRock specifically. When they said a recession was coming, we were at the absolute bottom of a stock market downturn. Isn’t that weird?
If anyone listened BlackRock, they would have lost a lot of money.
I’m not saying BlackRock knows where the market is going—they clearly don’t. I’m saying we need to be skeptical about big pronouncements regarding where things are going.
If anything Blackrock knows exactly where things are going. They hold enough assets to drive the market any direction they want.
BlackRock is a manager of ETFs, almost all which involve passive investment funds. They’re not much different from Vanguard.
Now if you don’t know what this means, I’ll break it down for you: BlackRock doesn’t know what’s going on, their funds just follow preset rules for underlying assets.
And the reason they hold so many assets is because they’re passive in nature.