BlackRock's Rick Rieder on The State of Markets & The US Debt Problem | #516

Today’s returning guest is Rick Rieder, BlackRock’s CIO of Global Fixed Income and the Head of the BlackRock’s Global Allocation team. Rick recently won the Morningstar 2023 Outstanding Portfolio Manager award. 

In today’s episode, Rick shares his take on the macroeconomic landscape as we kick off a new year. He touches on the set up for both stocks and bonds and why he’s focused on finding companies that have “rivers of fast cash flow.” We talk about several other topics including crypto, AI, Japan, the recent shift by the Fed, US debt levels, and much more.

As we wind down, Rick touches on his entrance into the ETF space this year with two fund launches. 

Listen to Rick’s first appearance on the podcast.

• 1:30 - Welcome Rick back to the show

• 2:36 - Reflecting on current market dynamics

• 5:14 - The state of the bond market

• 9:00 - Rick’s take on inflation dynamics

• 10:55 - Areas of the market that Rick likes today

• 15:58 - Opportunities in fixed-income

• 22:01 - Rick touches on several asset classes, including crypto, Japan & India

• 32:38 - Rick’s new ETFs

• 36:01 - Reviewing unexpected outcomes from the last year

• 42:06 - Rick's most controversial viewpoints

• 46:33 - Thoughts on AI

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. 

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