Larry Fink
๐ค SpeakerAppearances Over Time
Podcast Appearances
I mean, when your liability is another currency and you're investing in dollar, I mean, the value of the dollar is an important consideration in your total return.
Could there be more reallocation of the dollar?
I think the U.S., because of where we are at AI and the amount of capital that's being spent, I think we have a... You know, the U.S.
economy is really growing fast.
I mean, we estimate it'll be over 5%, you know, in the first quarter.
So we are... You know, the key is now, don't just focus on GDP, because GDP is heavily oriented to all the capex on AI and technology.
The key is...
In that economic condition, are we creating enough great jobs?
And so to me, that is what we need to be focused on.
Not just GDP anymore, because GDP is going to be powerful.
And that's one of the reasons why I am still, you know, I do believe the United States is one of the great places to invest and will remain to be one of the great places to invest.
But having a diversification, you know, that we've seen a little bit here and there, I'm very relaxed about it.
I think there's too much noise about that.
How needed people needed to be here to have a conversation.
I think people came here with a lot of trepidation.
I think they came here with a lot of fears.
And I do believe we're going to be leaving Davos with less geopolitical fears.
I believe we have, you know, if there can be peace in Ukraine, which I'm heavily involved in and BlackRock is heavily involved in working on the prosperity fund.
I mean, think about that.
If we could have that, that's a foundation of a more global economic growth.