The world financial crisis as a result of war is coming ever closer. This looks to be the sign of that:
If BlackRock is suffering cash flow constraints, there are signs of:
- Market panic
- A flight to safety
- Stress on credit lines for one of the biggest financial institutions in the world.
If any of these are true, markets are melting down much faster than I expected.
This is serious. Monday morning is going to be scary. Hold your breath.
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Sounds serious. There are some typos.
Sorry, I am knackered tonight.
Please don’t apologise, thought you would rather know. Stuck on a train in countryside & your blog is particularly appreciated just now.
🙂 Good luck.
Liquidity mismatch. Offering investors the ability to get out when the underlying assets can’t be sold quickly enough is always a dangerous game. First Blue Owl and now Blackrock – this does not look good.
The odd thing (at least to me) is how resilient US stock are. S+P500 is down 1 or 1.5% today and that is mainly as a result of a poor US jobs report. It is only 3% off all time highs.
Surely we should be off at least 10% on the news we have seen in the last week or so.
Agreed, entirely.