Wednesday, November 20, 2013

Larry Fink says you should be hundred percent equities.

Yesterday on Bloomberg T.V Larry Fink(C.E.O of RockRock with 4 trillion dollars asset the world's biggest economy the good old U.S economy is around 17 trillion dollars) was interviewed.He was asked if he saw downturn of 15 percent,he acknowledge he had said that so time ago,but said was caveat that if China and India did reforms and Washington got it's act together,no more government shut downs,then the market would go and thinks that will happen,hence,he believes that one should be a hundred percent in equities.
Today Bloomberg T.V had Prince Al-Waleed bin Tallal,a Saudi Prince billionaire(Warren Buffett of Arab World) and ,indeed,a most interesting fellow.He said,some interesting things,for one even though he doesn't think much of Obama(join the club)surprisingly he agree with administration on Syria and disagrees with own government Saudi Arabia.He put like this the Obama administration believes, as long as,Syria has chemical weapons it best to deal with devil you know.On the hand,the Saudi government wants any other devil beside the present devil.The Prince felt that present regime fall racials would take over,crazy people,who would be quite willing to use the chemical weapon worldwide.
Also the Prince is big believer in the United States.He believes America(the U.S) will always recover from bad economic times and think he's right.America(the U.S) is great country,whose economy is truly a engine for world,for America is new land where all things are new again.

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