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The United States is dependent on 40% of international capital to finance their deficits
1 year ago
27
BlackRock CEO Larry Fink: "The United States is dependent on 40% of international capital to finance their deficits. And we are treating it like we're gonna have this luxury forever. I hope we do. I think it's kind of wrong to think that. I believe in America more than any other country as I travel around the world, I see more opportunity to put more capital in the united states over the next 5 years than any place in the world, so I'm not fearful this is gonna be a problem the next five years..."
Source: Source: The Aspen Institute
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