by John Rubino
Dollar Collapse
Larry Fink, CEO of BlackRock, the world’s biggest investment company, just went on CNBC to commiserate with today’s savers.
You may need to work longer, ramp up investment risk to afford retirement, BlackRock CEO Fink says
“Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock’s Larry Fink told CNBC on Wednesday.
Fink said he believes people are increasingly beginning to put money to work in the stock market instead of keeping it in lower-risk investments or savings accounts.