BlackRock Says There Is No 'Soft-Landing': Central Banks Will Have To Plunge Economy Into A Deep Recession To Stop Inflation

In the current uncertain macroeconomic environment, the world's largest asset manager, BlackRock Inc (NYSE:BLK), predicts there won't be a "soft landing" and prefers to be overweight investment grade (IG) credit over standard equities.
 

For the uninitiated, IG securities in the financial industry are government and private fixed-income instruments that have a minimal risk of default, such as bonds and notes.