• 10 Jun 2011 at 12:52 PM

Larry Fink: We Don’t Need No Stinking QE3

By Bess Levin

“I don’t see any reason to think we need a QE3. We’re in a soft patch today. We still have positive growth. I think expectations earlier this year were way too high, 3 percent or higher gross domestic product, I think we’re going to be in the span of 2-ish percent, 2 and a half percent for the entire year and the issues around QE2, it’s been telegraphed for months and months and we’ve seen interest rates down 60 basis points and the whole reason is investors are de-risking…they’re frightened of the world and all these issues we have in front of us.”

Comments (3)

  1. 1
    Posted by Guest | June 10, 2011 at 5:19 PM

    That mutual fund investment expo looks like a hoot.  

    And what the hell is Larry talking about? Last I heard they were going to turn the QE2 into a floating hotel in Dubai.

  2. 2
    Posted by Guess | June 10, 2011 at 5:34 PM

    when i type the name “Larry Fink,” I giggle

  3. 3
    Posted by Wow | June 10, 2011 at 6:38 PM

    Really are you sure we don’t need Q3 and Q4 and Q5. This economy is faltering and not that stimulus is helping much, but it doesn’t mean it will stop.
    http://www.dailyjobcuts.com

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