Blackrock says a global recession is right around the corner. What’s more, the financial tricks deployed by Central Banks in the past ‘won’t work this time.’ According to BlackRock, the global economy has entered a phase of elevated volatility, and that a recession is imminent due to central banks aggressively boosting borrowing costs to tame inflation. Their actions, according to a team of BlackRock strategists, will ignite more market turbulence than ever before. When things get bad, “Central bankers won’t ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations
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