Carl Icahn blames BlackRock for liquidity issues

Livewire News

Livewire

“BlackRock is an extremely dangerous company,” said Icahn when he went toe to toe with BlackRock’s Laurence Fink at CNBC’s Delivering Alpha conference in New York. Mr Ichan spoke of his growing fears about a bubble in high-yield bonds and what he called dangers of exchange-traded funds run by firms like BlackRock. “Mr. Icahn is concerned because ETFs now own so many assets and Wall Street firms are retreating from trading, which he says raises questions about who will buy if investors sell ETFs during the next market downturn.” Icahn also directed some of bubble blame at the Fed and called for US rates to rise, he fears that a belated rise will cause yields to climb aggressively as nervous investors head for the exists. (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment