by Ian Hanchett
Breitbart.com
During an interview aired on Tuesday’s broadcast of CNBC’s “Mad Money,” BlackRock CEO Larry Fink said that he thinks “we’re going to have higher inflation than most people believe, and much of that is going to help those people who are worried. Wage inflation is continuing. Food inflation has moderated in the last six to 12 months.” But we failed to account for how bad it was in late 2022 and early 2023.
Host Jim Cramer asked, “[H]ow do we convince them, like we were convinced by our parents, that we are going to make more than they did? I knew, from day one, my father said, you will make more than I do, and that’s what’s going to happen to you. And I had, every Thanksgiving, … you’re going to make more than I do. My kid — no kid I know thinks they’re going to make anywhere near what our generation did.”