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Bloomberg/Sridhar Natarajan/5-6-2020
“Fink said on the call with clients of a wealth advisory firm that bankers have told him they expect a cascade of bankruptcies to hit the American economy, and he wondered if the Fed needed to do more to provide support, according to a person with knowledge of the remarks.”
USAGOLD note: Fink has gained prominence as an advisor to both President Trump and the Federal Reserve. At what point, does Wall Street begin to react to the avalanche of gloomy predictions and concerns from respected market watchers?