. . . and this is all self-inflicted. We took a growing and thriving economy and allowed an idiot to destroy it in a matter of months. And not just the economy, NATO, relations with allies, trust in the judiciary, etc. Thank you MAGAts.

Wall Street Titan Slams 'Destabilizer' Trump and Says 'I'm Petrified'

Wall Street Titan Slams ‘Destabilizer’ Trump and Says ‘I’m Petrified’
Story by Tom Sanders
The Daily Beast

BlackRock CEO Larry Fink claims the U.S. is “very close” to entering a recession—if it isn’t in one already.

Speaking on CNBC’s Squawk on the Street, the Wall Street titan said he was “petrified” of the issues currently facing the economy, which is in turmoil even after President Donald Trump announced a 90-day pause on his sweeping tariffs.

“I think you’re going to see, across the board, just a slowdown until there’s more certainty. And we now have a 90-day pause on the reciprocal tariffs—that means longer, more elevated uncertainty,” said Fink.

The BlackRock chief said he feels the markets are currently “underestimating” how high inflation could rise under the tariffs, which could jeopardize the United States’ role as a “global stabilizer”.

“You factor in all these other issues, it’s going to be quite additive. I read in a report that if you just take the tariffs and the cost of home building, the average new home could be up as much as 26 percent. We already have a housing affordability problem.”

He added: “This is not a pandemic. This is not a financial crisis. This is something that we’ve created. As I said, the United States post-World War II was a global stabilizer. We are now the global destabilizer.”

Earlier this week, Fink told an event at the Economic Club of New York that other CEOs think the U.S. is “probably in a recession.”

“One CEO specifically said the airline industry is a proverbial bird in a coal mine—canary in the coal mine—and I was told that the canary is sick already,” CNBC reports.

Yet despite his concerns, Fink says he believes “megatrends” such as AI, data centers and infrastructure will continue to persist, and that the U.S. economy was still in the process of reorienting itself towards new markets.

Nature always seeks balance. Light & dark. Good & evil. Creation and destruction. Unity & division.

The U.S. has been “positive” for the last century or so, generally trending to be a builder and encouraging freedom and progress in the west, using its powerful economy as an implement of leadership.

Maybe it’s been too good for too long, maybe it’s time for the Destroyer to arrive and restore balance. ‘Take them down a peg’ as the saying goes, like Nero did the Rome, Hitler to Germany and Lenin to Russia.

Things do grow back after a forest fire, and this guy sure is trying to burn it all down. It would be interesting to see what grows back over the next few generations - I suspect it’ll be very Russia-like, with a few extremely wealthy and powerful oligarchs and masses of oppressed peasants as feedstock.

I’ll be dead by then, thank God, but I feel bad for future generations. I strongly suspect they’ll be inheriting nothing but poverty and oppression.

quote:

I’ll be dead by then, thank God, but I feel bad for future generations. I strongly suspect they’ll be inheriting nothing but poverty and oppression.

Self inflicted at the ballot box, or failing to vote at all. It's getting really old trying to have empathy for the poor & stupid. Women in particular, who like their protests, but no show when it matters most.

https://youtube.com/shorts/vAw...?si=cWw5TBvdOosb5Vx3

Nobel Prize-winning economist Joseph Stiglitz on Trump's tariffs

While Jamie Dimon on Maria this morning is supportive of Trump’s action…saying short term volatility is worth the risk.

And maybe ask Fink about Blackrock’s new investment on the Panama Canal.

quote:

Blackrock’s new investment on the Panama Canal.

Oh, you mean this:

https://www.nbcnews.com/news/w...blackrock-rcna199438

Trump was touting his Panama victory. Then China stepped in.
The tussle over two ports on the Panama Canal shows Beijing’s willingness to assert its power as the U.S. attempts to roll back Chinese presence in the Western Hemisphere.

April 8, 2025, 12:00 PM EDT / Updated April 9, 2025, 4:54 AM EDT

This seems to be fast moving:

https://www.dw.com/en/panama-o...influence/a-72207874

Panama on edge as US targets China's canal influence
Matthew Ward Agius
04/10/2025April 10, 2025
Panama and the US appear to have agreed to let American warships use the Panama Canal, effectively for free. But beneath the agreement is an ongoing threat to Panamanian sovereignty over the use of the canal.

quote:

Originally posted by ledvm:
While Jamie Dimon on Maria this morning is supportive of Trump’s action…saying short term volatility is worth the risk.

Because he has been angling for a position within the regime.

https://www.bankingdive.com/ne...jpmorgan-ceo/733090/


Non of this was ever going to affect him.

Your own expert says a recession is likely. That is all I need to know. Guilty on self inflicted harm to the economy.

quote:

Originally posted by LHeym500:

quote:

Originally posted by ledvm:
While Jamie Dimon on Maria this morning is supportive of Trump’s action…saying short term volatility is worth the risk.

Because he has been angling for a position within the regime.

https://www.bankingdive.com/ne...jpmorgan-ceo/733090/


Non of this was ever going to affect him.

Your own expert says a recession is likely. That is all I need to know. Guilty on self inflicted harm to the economy.

Dimon just stated a recession was improbable.

Under the strong fiscal leadership of the Orange Messiah, most financial institutions have increased the probability of a recession since the beginning of the year . . . you know, around when the OM was sworn in. Goldman has increased the probability of a recession to 45%, JPM to 40%, Deutsche Bank to 43%. That's approximately double what the probabilities were at the beginning of the year when we had a senile old man for President. Thank you Orange Messiah for Making American Great Again . . . although I gotta question your definition of "great". So much winning. Everyone winning. Some say the most winning ever. Winning like no one thought possible.

quote:

Originally posted by ledvm:

quote:

Originally posted by LHeym500:

quote:

Originally posted by ledvm:
While Jamie Dimon on Maria this morning is supportive of Trump’s action…saying short term volatility is worth the risk.

Because he has been angling for a position within the regime.

https://www.bankingdive.com/ne...jpmorgan-ceo/733090/


Non of this was ever going to affect him.

Your own expert says a recession is likely. That is all I need to know. Guilty on self inflicted harm to the economy.

Dimon just stated a recession was improbable.

This not what he said.

Here is the quote:


https://m.youtube.com/watch?v=f4d58qYQev8

https://www.cnbc.com/amp/2025/...-tariff-turmoil.html

He says this likely.

You really just here to deceive.

Msn, it must be easy to be a soulless clown.

quote:

Originally posted by LHeym500:

quote:

Originally posted by ledvm:

quote:

Originally posted by LHeym500:

quote:

Originally posted by ledvm:
While Jamie Dimon on Maria this morning is supportive of Trump’s action…saying short term volatility is worth the risk.

Because he has been angling for a position within the regime.

https://www.bankingdive.com/ne...jpmorgan-ceo/733090/


Non of this was ever going to affect him.

Your own expert says a recession is likely. That is all I need to know. Guilty on self inflicted harm to the economy.

Dimon just stated a recession was improbable.

This not what he said.

Here is the quote:


https://m.youtube.com/watch?v=f4d58qYQev8

https://www.cnbc.com/amp/2025/...-tariff-turmoil.html

He says this likely.

You really just here to deceive.

Msn, it must be easy to be a soulless clown.

It is in typical fashion for the Little Lord of Louisville to be a day late (week in this case) and a dollar short.

Dimon was saying that on April 7th but changed his tune a week later (14th) when he was back on with Maria saying he was shifting his view to unlikely.

See above. He sir it was likely. The truth is not on your side.

quote:

Originally posted by LHeym500:
See above. He sir it was likely. The truth is not on your side.

That was 7 days before he came back and said it was improbable now.

This Dimon character doesn't sound very consistent. Think I'll pass on his opinions.

Powell:

"Powell echoed recent economist warnings of stagflation, where growth stalls, inflation persists, and unemployment rises. This comes despite encouraging "hard" data in recent months, with core inflation rising at its slowest pace in four years.

"Unemployment is likely to go up as the economy slows in all likelihood, and inflation is likely to go up as tariffs find their way in," the central bank leader said, calling that economic reality a "strong likelihood" with consumers bearing the brunt of any inflation-related price increases."

Shit policy from a shit head POTUS.

https://www.yahoo.com/finance/...ges-7-133757963.html

Let’s ask the Fed chair

https://apple.news/Aoo3Xq5iVSnCef9k6mqbfZA

Powell bats no better than .500, good for baseball but no better than a coin flip outside.

quote:

Originally posted by ledvm:
Powell bats no better than .500, good for baseball but no better than a coin flip outside.

And Trump is batting far below .500 currently....what a Goddamn mess.