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Larry Fink, head of the largest asset manager, Blackrock, believes that the US economy could already enter the recession, mainly because of the impact of Donald Trump’s pricing policies.
Blackrock draws attention to the invisible recession that threatens the global economy
Larry Fink clearly expressed his concerns during an interview with CNBC last Friday. ” I think we are very close, even in the recession “Said the CEO of Blackkrock without a detour.”
This statement comes in connection with the high instability after the establishment of Trump on the import tax of a flat rate of 10 % to all goods entering the United States.
The manager added that the 90 -day moratorium on certain mutual customs tariffs extends the period of harmful uncertainty for the economy. This situation is pushing Blackrock to intensify his exchanges with his customers around the world and try to assure them in this tense economic climate.
The recent climbing on the tension of the shop with China further worsens. Last Wednesday, Trump announced that it would increase customs duties focused on Chinese products to 125 %, except 20 % already applied at the beginning of this year. Beijing was immediately a retaliation of its own equivalent customs rights.
Global destabilizer in the origin of the crisis that can be avoided
In the face of this situation, Blackrock amplifies his efforts to assure and support his customers. ” We spend more time and exchanges with a larger number of customers around the world than ever before “Fink said.
The giant assets are thus trying to sail in an increasingly uncertain economic environment.
Despite these turbulence, Blackrock continues to develop his activities in the cryptocurrency sector. In the first quarter of 2025, the group attracted $ 3 billion to the crypto, which now represents 0.5 % of its total outstanding with $ 50.3 billion.
For Fink, the current situation represents a worrying point of turnover:
It’s not a pandemic. It is not a financial crisis. That’s something we’ve created. The United States after World War II was a world stabilizer. We are now a global destabilizer.
The crisis that appears could have great consequences in the world economy, weakened by geopolitical and commercial tension, which intensifies between the great economic powers.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.