(Just The News)—BlackRock CEO Larry Fink said Friday he thinks the U.S. economy has slowed to the point of growth possibly turning negative.
“I think we’re very close, if not in, a recession now,” Fink told CNBC.
Trump reversed course Wednesday hours after his wave of reciprocal tariffs went into effect, pausing the higher tariffs but keeping a 10% baseline tariff on all imports. Trump said Thursday during his Cabinet meeting that those higher reciprocal tariffs could be back in place after the blanket 90-day pause.
In the meantime, the U.S. president plans to consider deals with trading partners across the globe. Trump said tariffs on China will hit 145% – 125% on top of the previous 20% – after retaliatory measures from Beijing.
Despite Trump’s pause, U.S. markets remain volatile.
“I think you’re going to see, across the board, just a slowdown until there’s more certainty,” Fink said. “And we now have a 90-day pause on the reciprocal tariffs – that means longer, more elevated uncertainty.”
Goldman Sachs recently raised the odds of a U.S. recession to 45% from 35%, the second time it has increased its forecast in a week, amid concerns about an escalating trade war. The White House has largely brushed off recession fears, pointing to the rest of Trump’s economic agenda, which includes deregulation and tax cuts.
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
Caused by,
None other the “Larry the Fink”
The majority stock holder in most corpoRATions world wide!