Larry Fink Zeroes In On Key Reason The Economy Is In The Toilet

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Comments just in from Blackrock's Q3 earnings call:

“When the government focuses on short termism, when government focuses on blogs, government is not focusing on how to best prepare the economy over a long cycle, it becomes very difficult for investors to focus on the long term as well.”

The great governments are reading blogs crisis of 2011 [FT Alphaville via BI]