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Calling QE a "large and dull hammer" distorting markets, BlackRock fixed income chief Rick...

Calling QE a "large and dull hammer" distorting markets, BlackRock fixed income chief Rick Rieder - formerly bullish on long-dated Treasurys - is shortening the duration in his portfolio and calling on the Fed to wind it down. The economy is on "reasonably strong footing," says Rieder and unemployment faces "structural headwinds" only overcome with time - a view not at all shared by Bernanke.
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Comments (5)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Fight Bernanke and his leemings is like beating your head with a "large and dull hammer" but Rieder is correct. There will be HELL to pay sometime in the not too distant future
    8 Apr 2013, 03:23 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (330) | Send Message
     
    I agree that dull hammers make lousy ..um cattle prods? But until someone comes up with a clever way for us to talk past the very real and very intractable 'structural headwinds', Bernanke isn't going to put down his hammer.
    8 Apr 2013, 03:31 PM Reply Like
  • fred1724
    , contributor
    Comments (67) | Send Message
     
    Bernanke is the only thing supporting this house of cards government.
    8 Apr 2013, 05:14 PM Reply Like
  • jfada
    , contributor
    Comments (33) | Send Message
     
    Have we not heard this story before?
    8 Apr 2013, 05:54 PM Reply Like
  • baseballman24
    , contributor
    Comments (301) | Send Message
     
    TBT where the courages and sain go to die LOL... I will double down soon.
    8 Apr 2013, 07:24 PM Reply Like
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