BlackRock CEO: High inflation is the world's "biggest risk" and you can always make a lot of money by going the other way at Davos

Odaily News BlackRock Chief Executive Larry Fink said investors were too quick to conclude that high inflation was over, raising the odds that bond yields will rise in the future as prices rise. “The biggest risk facing the world today is that the world thinks that we’ve reached the peak of inflation,” Fink told Bloomberg on Wednesday while attending the World Economic Forum in Davos, Switzerland, saying his view was at odds with what market forces were saying. “I really think we’re going to have a situation where inflation is high.” Speaking about investments in artificial intelligence, Fink said building data centers will require a lot of private-sector money. BlackRock, which is raising a $30 billion fund with Microsoft and others, said private markets need to pay special attention to how data centers are powered. “In the short term, let’s be clear, it’s going to be powered primarily by natural gas, and in the U.S. it’s natural gas,” Fink said, adding that the demand for electricity should spark a discussion about the future role of nuclear power.