SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bull_dozer who wrote (185823)3/30/2022 10:37:18 AM
From: bull_dozer1 Recommendation

Recommended By
Pogeu Mahone

  Read Replies (1) of 218083
 
President of BlackRock investment firm warns an 'entitled generation' needs to brace for shock of shortages and higher inflation

The president of BlackRock investment firm has said that an 'entitled generation' of Americans will face the shock of goods shortages for the first time in their lives as supply chain disruptions continue to spur high inflation.

'For the first time, this generation is going to go into a store and not be able to get what they want,' BlackRock co-founder Rob Kapito said at an energy conference in Austin, Texas on Tuesday, according to Bloomberg.

'And we have a very entitled generation that has never had to sacrifice,' added the 65-year-old Kapito, who has an estimated net worth of more than $400 million and made $24.6 million in total compensation in 2020.

'I would put on your seat belts because this is something that we haven't seen,' said Kapito, who blamed a shortage of workers, energy and agricultural supplies for soaring 'scarcity inflation'.


dailymail.co.uk
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext