BlackRockâs Fink on âbubble-like marketsâ: Fed needs to taper
October 29, 2013, 8:32 PM
The Fed is contributing to âbubble-like markets,â BlackRock BLK -0.97% CEO Laurence Fink told a panel Tuesday in Chicago, according to Bloomberg.
âItâs imperative that the Fed begins to taper,â he reportedly said. âWeâve had a huge increase in the equity market. Weâve seen corporate-debt spreads narrow dramatically.â
When Fink warns that âwe have issues of an overzealous market again,â heâs worth listening to, considering that BlackRock, with $4.1 trillion in assets, is the worldâs biggest money manager, as Bloomberg data shows.
http://blogs.marketwatch.com/thetel...n-bubble-like-markets-the-fed-needs-to-taper/
October 29, 2013, 8:32 PM
The Fed is contributing to âbubble-like markets,â BlackRock BLK -0.97% CEO Laurence Fink told a panel Tuesday in Chicago, according to Bloomberg.
âItâs imperative that the Fed begins to taper,â he reportedly said. âWeâve had a huge increase in the equity market. Weâve seen corporate-debt spreads narrow dramatically.â
When Fink warns that âwe have issues of an overzealous market again,â heâs worth listening to, considering that BlackRock, with $4.1 trillion in assets, is the worldâs biggest money manager, as Bloomberg data shows.
http://blogs.marketwatch.com/thetel...n-bubble-like-markets-the-fed-needs-to-taper/