BlackRock says get ready for a recession unlike any other and 'what worked in the past won't work now'

Dec 8 2022 by Business Insider

 
Stock markets and corporate earnings expectations have yet to fully reflect even a modest recession, according to BlackRock.

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The global economy has entered a period of elevated volatility, and previous investing approaches won't work anymore, BlackRock said. A recession is imminent but central banks won't be able to support markets this time by loosening policy, according to the money manager. "Recession is foretold as central banks race to try to tame...
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