Larry Fink: We Don't Need No Stinking QE3


"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."