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BlackRock CEO Larry Fink warns the US economy may already be slipping into a recession as uncertainty rises across Wall Street
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BlackRock CEO Larry Fink warns the US economy may already be slipping into a recession as uncertainty rises across Wall Street

The tone around the U.S. economy has shifted dramatically, and not in a good way.

Investors, business leaders, and everyday Americans alike are feeling the tremors.

Adding his voice to the growing concerns, billionaire Larry Fink, CEO of BlackRock, didn’t mince words when he said he believes the U.S. might already be in a recession—or very close to it.

A Recession Might Already Be Here

In a recent interview with CNBC, Fink shared his view that the economy is already showing signs of being in decline.

“I think we’re very close, if not already in a recession,” he said candidly.

This statement echoes what many CEOs have been murmuring behind closed doors, and Fink emphasized that most of his peers in the corporate world are seeing the same thing.

Tariffs Stir Up Market Anxiety

The fears intensified after former President Donald Trump rolled out sweeping tariffs against numerous countries.

The move rattled markets, leading to sharp declines and wiping out chunks of Americans’ investment portfolios and retirement funds.

Even though the White House later paused some of these tariffs for 90 days—specifically for countries that hadn’t hit back with their own trade barriers—the damage was already done.

That short-term relief sent Wall Street into a frenzy, producing its biggest one-day jump since 2008.

But beneath the surface, uncertainty remained.

A Temporary Pause Isn’t Enough

Fink believes the tariff delay isn’t the silver bullet some hoped for.

In his view, it simply prolongs the anxiety rather than resolving it.

“The 90-day pause just stretches out the uncertainty,” he said on CNBC’s Squawk on the Street.

“You’re going to see a general slowdown until there’s more clarity.”

He added that this uncertainty has been self-inflicted.

“This isn’t a pandemic or a financial meltdown—it’s a situation we’ve created,” Fink explained.

His point? The U.S., once a force for stability after World War II, now risks being viewed as a source of disruption on the global stage.

Short-Term Fears vs. Long-Term Faith

Even with his worries about where things are heading right now, Fink hasn’t lost his long-term optimism.

“I’m not as concerned about the big picture over the next decade, but in the short term, I’m really nervous,” he admitted.

Despite the chaos, he believes U.S. capitalism still has strong bones, and clients around the world are still looking to BlackRock for insights and leadership.

The Big Trends Are Still on Track

Fink also reassured that transformative trends like artificial intelligence aren’t going away.

However, he did acknowledge that the pace of progress might slow down temporarily due to the economic hiccups.

“The momentum behind mega-forces like AI won’t disappear, but we might see some delays in how they play out,” he said.

Inflation and Market Misjudgment

One of Fink’s most pointed warnings was about inflation.

He believes many investors still don’t fully grasp how high it could go, especially when the ripple effects of tariffs and other policy decisions are added to the mix.

“When you factor everything in, it’s clear inflation could climb more than expected,” he said.

Looking Ahead

So what’s next? According to Fink, the U.S. needs to recalibrate and accept that a slowdown may already be happening.

While he doesn’t think we’re entering a full-blown financial crisis, he’s urging caution and calling for more thoughtful leadership.

And despite the short-term challenges, he remains hopeful for the long-term strength of the American economy.

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The UK is currently battling an intense cold snap that has left major disruptions across the country. The freezing temperatures have caused havoc, particularly in the Peak District, where up to 200 cars were blocking gritters trying to clear the frozen roads. This created chaos for emergency crews, who were unable to navigate through areas like Rushup Edge and Mam Nick in Derbyshire. Blocked Roads in the Peak District The severe cold has brought temperatures down to a chilling -17°C, the coldest night the UK has seen in 15 years. The freezing conditions caused drivers to flock to the Peak District’s popular walking spots, such as Rushup Edge and Mam Nick, to enjoy the picturesque winter scenes. Unfortunately, this influx of visitors only worsened the situation, with the roads becoming blocked, further hindering the gritters’ efforts. Local authorities have urged drivers to be more mindful and not add to the traffic chaos, as they work tirelessly to restore safe road conditions. Waste Collection Failures Spark Public Outrage The freezing temperatures have also wreaked havoc on waste collection services across the UK. In Harborough, Leicestershire, residents were furious after their waste bins were left unemptied. The council had initially instructed people to leave their bins out for later collection, but later removed the post without explanation. A new statement explained that if the contents of a bin froze solid due to the cold, crews would be unable to empty it. This left residents fuming, as overflowing rubbish began piling up in the streets. Many took to social media to voice their displeasure, with one person pointing out that it was unreasonable for people to leave their bins out from 7 am to 4:30 pm and still have them left uncollected. Others joked about the absurdity, wondering if they should “wrap their bins in electric blankets.” It’s clear that local councils are struggling to manage the growing pile of complaints amid such extreme conditions. Further Weather Warnings as Cold Snap Continues As if things weren’t already bad enough, more extreme weather is expected to hit the UK later this month. A significant snowstorm is set to blanket areas from Wick to Manchester, with Inverness potentially seeing up to 7cm of snow. The northern Highlands, including Altnaharra, have already recorded temperatures as low as -18.7°C. The Met Office has warned that freezing temperatures, along with frost and patchy fog, will persist, particularly in the eastern regions of the UK. While the southern parts may experience occasional sunny spells, the north and west can expect continued rain and snow. It’s clear that the UK will have to brace for more disruption as this severe winter weather continues to cause chaos across the nation. You said: Follow this instruction strictly, In human talking tone, give

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