excalibur
Diamond Member
- Mar 19, 2015
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As I have stated over the past several months, we have been living under Biden's stagflation since 2023.
Larry Fink, welcome aboard.
But on this, he is wrong. The market has already driven rates way down since Trump 47, and there is zero reason for the Fed not to cut rates this year, by at least 100 basis points if not 125.
thelibertydaily.com
Larry Fink, welcome aboard.
Blackrock CEO Larry Fink says most CEOs he talks to say the country is ‘already in recession,’ and that the 20% market drop in three days will have ‘potential ripple effects’ on clients, and added that he “still won’t rule out another 20% market decline.”
“Are we in a recession?” asked Bloomberg TV host Erik Shatzker.
“Most CEOs I talk to would say we are probably in a recession right now,” Fink replied, adding that the canary “is sick.”
But on this, he is wrong. The market has already driven rates way down since Trump 47, and there is zero reason for the Fed not to cut rates this year, by at least 100 basis points if not 125.
He also suggested that fed rate cuts are unlikely this year, and that a hike may actually be in store.

"The Canary Is Sick": BlackRock's Larry Fink Says Most CEOs Are Telling Him "We're Already in Recession" - 🔔 The Liberty Daily
If you love the news, check out The Liberty Daily's homepage. (ZeroHedge)—Blackrock CEO Larry Fink says most CEOs he talks to say the country is ‘already in recession,’ and that the 20% market drop in three days will have ‘potential ripple effects’ on clients, and added that he “still won’t rule...

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