BlackRock's Fink Says There Are 'Bubble-Like Markets Again'
Comment of the Day

October 29 2013

Commentary by Eoin Treacy

BlackRock's Fink Says There Are 'Bubble-Like Markets Again'

Here is the opening for this interesting report from Bloomberg
BlackRock Inc. (BLK) Chief Executive Officer Laurence D. Fink, whose company is the world's largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to "bubble-like markets."

"It's imperative that the Fed begins to taper," Fink said today at a panel discussion in Chicago, referring to the central bank's $85 billion in monthly bond purchases. "We've seen real bubble-like markets again. We've had a huge increase in the equity market. We've seen corporate-debt spreads narrow dramatically."

Eoin Treacy's view They are not big bubbles but he certainly has a point.

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