Last month BlackRock announced its total assets under management reached $A17.6 trillion, up from $A13.9 trillion the previous year. Comparing this to global GDP, only the U.S. and China have economies larger than BlackRock’s assets; its assets are 6.4 times the value of Australia’s economy.
The fact that capital is running the U.S. has real impact on Australia, 25.1 percent of foreign investment in Australia comes from the U.S., by contrast China, our largest trading partner, accounts for a paltry 1.9 percent of foreign investment in Australia.
Harris or Trump, does it really matter? Not for Blackroc
And for Australia?
Meanwhile, far away on an island continent blessed way beyond any deserving, the Guardian has published a humbling poll that alleges 33 per cent of Australians, if they were eligible, would vote for Trump compared with 41 per cent for Harris – a mere eight-point difference.
Given the saturation coverage here of the election and, especially, Trump’s multitudinous legal, character and policy failings, not to mention his level of dingbat craziness that only Greg Sheridan could like, that is a bit of a worry about the direction of our own nation’s psyche.
This is not to suggest Harris is a great candidate, just that Trump is so palpably bad that America is considered something of a worrying joke everywhere outside of Russia and amongst a third of Australians.
Who knew the drive of the Murdochs’ Fox News business model could reach so far?
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