Alarm bells are sounding in the macro economy and in the heartland. With Washington’s continued focus on partisan red meat and geopolitical intrigue, instead of core economics, it’s time for long-term investors to think about how to mitigate systemic risk.
This is not a late-breaking crisis. In early 2016, BlackRock CEO Larry Fink urged the CEOs of the Fortune 500 to submit their plans for sustainable, long-term growth. His motivation is as clear as his urgency. As the world’s largest asset manager, with more than $5.5 trillion under management, BlackRock has institutional clients that have long-term obligations that today’s low-return, no-growth, myopic business climate is failing to meet, with no relief in sight.
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