BlackRock’s Rick Rieder Turns Cautious on US Stocks, Warns $40 Trillion Debt Is Becoming a ‘Compounding…Problem’
BlackRock Chief Investment Officer Rick Rieder warns that the $40 trillion national debt is a mounting fiscal burden, yet he views a 5% yield on 10-year Treasury bonds as a distinct buying opportunity for investors. A Costly Fiscal Burden Rieder told CNBC that Federal Reserve rate hikes carry immediate and severe fisca