In Reply to: Nikkei frozen due to circuit breakers posted by russsmith on April 07, 2025 at 07:53:07
Laurence D. Fink, chief executive of the giant asset manager BlackRock, said today that most chief executives he had been speaking with “would say we’re probably in a recession right now.” Speaking at a lunch at the Economic Club of New York, he told the audience: “The economy is weakening as we speak.” Most Americans don’t understand the extent of how the tariffs will affect them. Barbie dolls, he said, will become more expensive because many toys are made in China