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"We are in the midst of a major deleveraging in the entire developed world," says BlackRockCIO...

  • Monday, November 19, 2012, 1:40 PM ET
    "We are in the midst of a major deleveraging in the entire developed world," says BlackRockCIO Rick Rieder, with a rare kind word for those piling into "safe" assets like Treasurys and high-grade corporate debt. He points to an unprecedented aging of the population as keeping a lid on growth. Instead of losses, just maybe a backup in rates will bring forth another wave of cash now sitting on the sidelines.
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    Bingo!! Ben are you listening!!! Let the rates go up so us retirees can think of spending some of our dough. I am not spending anything I do not have to spend until I see my money being worth something. I can't feel safe with the returns you are IMPOSING on those of us who have lived within our means and SAVED our money. I am NOT spending until rates go up. I don't mean to Jimmy Carter days - just 2% above inflation on the ten year treasury. Please - get your foot off my neck. I didn;t do anything but save and live a frugal and reasonable life. Till then I will wait. If you screw this up long enough the coiled spring of inflation will destroy our nation. We can not afford to pay too much or the national debt will kill us. Its time to start the process!!!! Get back to normal!!!
    19 Nov 2012, 03:12 PM Reply Like
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