BlackRock's Fink names a U.S. recession trigger, sounds alarm over $40 trillion national debt
BlackRock's CEO says "a moratorium of some sort" on data center buildouts would put the U.S. in a recession.
Source: CoinDesk
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DW NOTE
Fink's recession trigger isn't a recession trigger — it's a subsidy demand. If $700 billion in annual data center capex is so fragile that any regulatory pause breaks the economy, the buildout isn't productive investment, it's a speculative bubble propped by cheap capital that no longer exists. The Fed just raised to 3.90% with inflation still at 3.4%. Asset managers don't warn about moratoriums threatening growth unless the growth was artificially inflated to begin with.