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“We’re in an energy market depression, an industrial and manufacturing recession, but somehow the consumer is doing okay.” Thus, a senior railroad executive described the uncertainty in the world economy.
BlackRock’s Larry Fink exhorted: “Over the past several years, I have written to the CEOs of leading companies urging resistance to the powerful forces of short-termism afflicting corporate behavior. Reducing these pressures and working instead to invest in long-term growth remains an issue of paramount importance for BlackRock’s clients, most of whom are saving for retirement and other long-term goals, as well as for the entire global economy.”
[b]While we’ve heard strong support from corporate leaders ... (read more)