BlackRock President Warns ‘Put on Your Seatbelts’ of Major Supply Shortage

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BlackRock co-founder and president Robert Kapito said that the global supply chain and soaring inflation crises will soon have dramatic effects on the U.S. economy. Kapito said the scarcity will likely be a shock to the system for many who are accustomed to an abundant and comfortable lifestyle. “For the first time, this generation is going to go into a store and not be able to get what they want… We have a very entitled generation that has never had to sacrifice,” Kapito said.