World's largest money manager asks FED to taper now or face huge bubble

BlackRock’s Fink on ‘bubble-like markets’: Fed needs to taper
October 29, 2013, 8:32 PM

The Fed is contributing to “bubble-like markets,” BlackRock BLK -0.97% CEO Laurence Fink told a panel Tuesday in Chicago, according to Bloomberg.

“It’s imperative that the Fed begins to taper,” he reportedly said. “We’ve had a huge increase in the equity market. We’ve seen corporate-debt spreads narrow dramatically.”

When Fink warns that “we have issues of an overzealous market again,” he’s worth listening to, considering that BlackRock, with $4.1 trillion in assets, is the world’s biggest money manager, as Bloomberg data shows.

http://blogs.marketwatch.com/thetel...n-bubble-like-markets-the-fed-needs-to-taper/