On Bloomberg he mentioned that, despite strong equity markets over the last few years, there are still record amounts held in cash rather than invested in financial assets.
He mentioned about 40% of China savings are in cash. Over 70% (!!) for France.
Obviously he's talking his own book, because Blackrock wants to manage that money. But interesting nevertheless
Submitted January 25, 2018 at 07:42AM by nrps400 http://ift.tt/2n9FAqS
