Larry Fink, CEO of Blackrock, the worlds largest fund manager says the Fed's delay on tapering is now creating bubbles in various markets

Tom McKay
Tom McKay Livewire

Larry Fink, CEO of Blackrock, the worlds largest fund manager says the Fed's delay on tapering is now creating bubbles in various markets. 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, It's imperative that the Fed begins to taper. Policy makers will probably delay slowing the stimulus until March, according to a Bloomberg survey of economists conducted Oct. 17-18. (VIEW LINK)

equities credit usa bubble tapering

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