Blackrock

[Budge]

Martin Armstrong wonders if BLK is in trouble. Fink having gone to the WEF dark side:

https://www.armstrongeconomics.com/mark ... n-trouble/

"Fink’s 2022 letter was pushing Environmental, Social and Governance (ESG) investment criteria and “stakeholder capitalism” relentlessly. He actually wrote:

When my partners and I founded BlackRock as a startup 34 years ago, I had no experience running a company. Over the past three decades, I’ve had the opportunity to talk with countless CEOs and to learn what distinguishes truly great companies. Time and again, what they all share is that they have a clear sense of purpose; consistent values; and, crucially, they recognize the importance of engaging with and delivering for their key stakeholders. This is the foundation of stakeholder capitalism.

Stakeholder capitalism is not about politics. It is not a social or ideological agenda. It is not “woke.” It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, … "

Armstrong details the origin of Stakeholder Capitalism in 1932, based on work of Berle and Means and the disaster that ensued.

"Of course, Stakeholder Capitalism is Schwab’s agenda. As far as Fink was concerned, ESG, “sustainability,” and the agenda for what we have termed “woke capital” would dominate the markets for years, while he wrongly thinks that he will retain the funds clients have given him and he will thus implement Schwab Agenda and end democracy along the way."

"Stakeholder Economics is a fraud upon the investor and Fink is so blind to that and drunk on his own power it calls into question his entire pro-Schwab letter."

The potential:

"A crisis in liquidity could easily arise forcing it[BLK] to dump shares which could lead to 2023 low and it would also impact the real estate market. Even the rumor here in Florida is that BlackRock has bought more than 20,000 homes.

I strongly advise that you pay attention to BlackRock on Socrates for its near $10 trillion portfolio poses an equal and serious risk to the world economy during a liquidity crisis. It is way too big to manage on a liquid basis. A crisis in BlackRock would be equal to a sovereign debt crisis. A liquidity crisis in BlackRock will give a new meaning to Too Big to Fail."

[LoriPrecisely]

Is Blackrock renting out the homes they are buying? That is what Fundrise, a REI firm, is projecting is the future. They are funding developers that are building entire neighborhoods of single family homes for the sole purpose of renting them.

[MarkD]

There's one near me, in the Nashville metro. Brand new 3BR/2BA. Only rentals.

Realtor contacting me and wants to buy my home to relist as a rental. Wow.

And projections are for yet another 20% yoy increase in home prices in this area. The entire country is moving to the states without lockdowns, high taxes, low regulation.