{"id":3640,"date":"2014-12-28T14:51:20","date_gmt":"2014-12-28T19:51:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3640"},"modified":"2014-12-28T14:51:20","modified_gmt":"2014-12-28T19:51:20","slug":"how-asset-manager-blackrock-gave-me-the-willies-about-2015-wolf-street","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3640","title":{"rendered":"How Asset Manager BlackRock Gave Me the Willies About 2015 | Wolf Street"},"content":{"rendered":"

How Asset Manager BlackRock Gave Me the Willies About 2015 | Wolf Street<\/a>.<\/p>\n

BlackRock, the largest asset manager in the world and one of the big beneficiaries of the Fed\u2019s policies, and of similar policies by other central banks, is in a bullish mood.<\/p>\n

In its 2015 Investment Outlook, BlackRock is gung-ho about the US economy. Dominant among the forces behind that miracle is the Fed\u2019s \u201cultra-loose monetary policy\u201d that has \u201cinflated US equity and home values.\u201d Monetary policy will likely \u201cremain highly stimulatory.\u201d And \u201ceven if the Fed were to hike by a full percentage point, real short-term interest rates would still be negative.\u201d So savers would continue to get annihilated, at least until they entrust their money to BlackRock.<\/p>\n

BlackRock is a fan of Abenomics and the Bank of Japan which has taken over where the Fed left off. The BoJ monetizes the entire deficit of the government. Japanese institutions, including the huge Government Investment Pension Fund, have been pressed to sell their JGBs to the BoJ and plow this money into stocks and other assets, expressly to inflate their values. BlackRock is licking its chops.<\/p>\n

And it\u2019s looking with fond expectations to the ECB, which has essentially promised, despite German opposition, a big load of QE starting in 2015, on top of the negative deposit rates it is already inflicting on banks and increasingly their depositors.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

How Asset Manager BlackRock Gave Me the Willies About 2015 | Wolf Street. BlackRock, the largest asset manager in the world and one of the big beneficiaries of the Fed\u2019s policies, and of similar policies by other central banks, is in a bullish mood. In its 2015 Investment Outlook, BlackRock is gung-ho about the US […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1989,2203,305,534,1234],"class_list":["post-3640","post","type-post","status-publish","format-standard","hentry","category-economics","tag-1989","tag-blackrock","tag-federal-reserve","tag-monetary-policy","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3640"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3640\/revisions"}],"predecessor-version":[{"id":3641,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3640\/revisions\/3641"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}