BlackRock CEO Fink: US Won't See Hard or Soft Landing in 2024

The video discusses the significant growth of the U.S. deficit from $8 trillion in 2000 to $33 trillion today, highlighting its inflationary effects. It explains how the Federal Reserve's balance sheet and fiscal stimulus measures contribute to inflation. The speaker predicts that interest rates will remain high, offering patient investors positive returns. While a hard or soft economic landing is not expected in 2024, the speaker anticipates potential challenges by 2025 due to fiscal stimulus and wage increases. The overall economic outlook remains positive, supported by consumer strength.

How much has the U.S. deficit grown annually over the last 23 years?

• More than a trillion dollars

• Exactly a trillion dollars

• Two trillion dollars

• Less than a trillion dollars

What is one of the major acts contributing to the fiscal stimulus in the U.S. economy?

• The Green New Deal

• The Tax Cuts and Jobs Act

• The Affordable Care Act

• The Chips Act

What is the expected impact of the fiscal stimulus on the economy?

• Deflationary

• Neutral

• Inflationary

• Recessionary

By what year does the speaker predict a potential hard or soft landing?

• 2026

• 2023

• 2024

• 2025

What gives the speaker confidence in the current state of the economy?

• Consumer power

• Government policies

• Stock market performance

• International trade agreements