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Blackrock: 2012 to Be Dominated by 'Policy, Policy, Policy'

Wednesday, 18 Jul 2012 | 3:30 AM ET

"The way we have thought about 'Nemesis' is a forced asset fire sale by banks and the financial system in a multiple of the Lehman situation and that's what policy makers are trying to stop, at the end of the day that it what Bernanke is trying to do in the US as well," Ewen Cameron Watt, chief investment strategist for the BlackRock Investment Institute, told CNBC.