BlackRock's Larry Fink says stocks are 'properly valued' — 'I don't see that many extremes'

Trump on Friday also said the Federal Reserve should still lower interest rates again even though China and the U.S. moved toward a trade deal. The markets expect withthat the Fed will cut rates by a quarter-point for a third time this year at its meeting later this month. Central bankers cut rates for the first time in more than a decade in July. They cut again in September.

The president has repeatedly bashed the Fed for not reducing borrowing costs even further. In a tweet last month, Trump called Fed Chairman and the other central bankers "boneheads" and urged them to "get our interest rates down to ZERO, or less." On CNBC on Tuesday, Fink cautioned against the kind of negative rates seen in Japan and Europe. "I don't believe negative rates and persistent negative rates translate into more economic activity. It may translate into a depressive element into the economy – especially in Europe and Japan, where 82% of savings is in a bank account. So, they're not enjoying the success that Americans do with low or negative interest rates.

Is China's GDP really holding steady at 6%? How reliable is that figure?

BULLSHIT!

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

94% of the time when this happens, stocks are a winning bet over bondsBank of America says investors should still look to stocks for value rather than bonds. We are headed into a major financial crisis that will be a liquidity event which involves government – not the private sector - as was the case in 2008. So buckle-up. This is something NOBODY has ever witnessed before!! Fed Model on steroids. StockMarket
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jefferies recommends Chinese internet stocks amid trade war, sees 'long-term value'Jefferies initiated coverage on 25 Chinese stocks, including Alibaba and Tencent, as it feels market expectations have reset on the sector.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »