JPMorgan, Pimco, and now BlackRock, the world’s largest asset manager, all join the bubble warning chorus. From Bloomberg:
- FINK SAYS IT’S “IMPERATIVE” THAT THE FED BEGIN TO TAPER
- FINK CALLS MARKET `OVER-ZEALOUS’
- FINK SAYS THERE ARE “REAL BUBBLE-LIKE MARKETS AGAIN”
So… when the three largest banks/asset managers in the US say that Ben Bernanke has blown the largest asset bubble in history and that the time to taper has come, will Janet Yellen once again turn a blind ear to warnings that come not just from the blogosphere but the respected legacy financial institutions, and afterward admit that, just like last time, she “never saw it coming?”
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/4hD4Ar_6Y-8/story01.htm Tyler Durden