BlackRock Goes A-Whoring: Says ECB Should Compensate For It Bond Yield Suppression By Buying Stock

“The cost of their debt in Europe is much lower, the cost of equity is too expensive,” Rieder told Bloomberg TV in an interview last Friday. “What I think the ECB is going to do is going to buy their equities. I’d rather see fiscal, but we’re not going to get that. So I’d hit the right part of the capital stack.”