BlackRock sees lower inflows and fears market downturn

But first: Labor productivity in the UK

Is labor productivity in the UK about to reverse?

Source: https://bankunderground.co.uk/2018/07/06/tight-labour-markets-and-self-service-beer-is-the-productivity-slowdown-about-to-reverse/#more-4093

Larry Fink (CEO BlackRock) fears that the current trade tensions in the world will lead to a market downturn of 10-15%. The flows into BlackRock’s iShares have already plummeted:

Source: https://www.bloomberg.com/news/articles/2018-07-16/blackrock-ceo-larry-fink-sees-u-s-slowdown-amid-tariff-battle

 

But today is a good day for cryptos:

Source: https://www.bloomberg.com/news/articles/2018-07-16/bitcoin-climbs-as-big-name-investors-start-taking-an-interest

Follow me on twitter: @basvanderhout (Dutch)

@teaeconomist (English)

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