(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.
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
So according to Larry Fink, the U.S. would be better off paying unfair exorbitant tariffs to foreign governments and to continue going broke than to control costs and seek fair trade deals. To hell with self-serving Larry Fink and to hell with Blackrock.