Rick is BlackRock’s Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the company’s Global Operating Committee. A 2013 inductee into the Fixed Income Analysts Society Hall of Fame, Rick also serves as a member of the Federal Reserve Bank of New York’s Investor Advisory Committee on Financial Markets. He writes about fixed income, the economy and government policy.
Disclosure: The content Market Realist publishes should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of BlackRock.
But I believe too much attention is paid to the timing of rate policy change, and I see a more interesting phenomenon occurring in the current labor market recovery: A dramatic shift away from employment in traditional and goods-producing sectors toward employment in services sectors. Goods-producing sectors of employment are experiencing a precipitous decline in […]
Both the labor force participation rate, which came in at 62.8%, and the employment-population ratio, which came in at 59.7%, were unchanged in August.
There has been much focus over the past week on the August payroll growth slowdown and what it means for the timing of the next Fed hike. Rick Rieder sees a more interesting trend…
The increase in investment and the rise in exports is likely to boost the Eurozone’s (IEV) GDP growth to 1.7% in 2016 compared to 1.6% in 2015—the highest since 2010.
Global growth has also been affected by structural factors like an aging population, a decline in labor force participation rate, and waning labor productivity.
The years of stunning growth in emerging markets (EEM) are over, especially since 2010. According to the World Bank, emerging markets growth slowed from 7.6% in 2010 to 3.7% in 2015.
In the past three decades, emerging market (EEM) economies grew rapidly, led by exports, which shifted current account balances from a deficit to a huge surplus.
Over the past six decades, the world economy has expanded at a rapid pace—the average global growth rate was 3.8% from 1950–2014. The post-recession global growth has faltered to an average growth of just around 3%.
