I was in the room when Larry Fink—CEO of the world’s largest asset manager—said it plainly: “We’re already in a recession.” No spin. No hedging. Just a clear warning. Markets are tumbling. Tariffs are rising. China is retaliating. This isn't just about Wall Street anymore...it’s hurting all of us. - ThreadSky

oliviaoftroye.com • 70 days ago

I was in the room when Larry Fink—CEO of the world’s largest asset manager—said it plainly: “We’re already in a recession.” No spin. No hedging. Just a clear warning. Markets are tumbling. Tariffs are rising. China is retaliating. This isn't just about Wall Street anymore...it’s hurting all of us.

Comments

njhm100.bsky.social•70 days ago

Sobering stuff.

realtor1.bsky.social•70 days ago

Published last November....Not aging well. https://geopoliticaleconomy.com/2024/11/05/blackrock-doesnt-matter-us-election-trump-kamala-harris/

thestoicbuddhist.bsky.social•70 days ago

Oh, poor Larry all his funds are going down. BlackRock makes money whether the market is up or down on fees they charge all their investors. Larry Fink's net worth is estimated to be around $1.3 billion as of early 2025, maybe a little less now.

mandywhite.bsky.social•70 days ago

duncanpepperwat.bsky.social•70 days ago

Yet the fear of crossing Trump is such that no one in his party is willing to say what we all know.

deedle21.bsky.social•70 days ago

Hey Olivia, I'd love for you to ask your Republican compatriots this: the folks that raised holy hell about egg prices increasing 10 cents are now telling us to ignore our 401(k)s tanking.

I could have bought a shit ton of $6/dz eggs for what I've lost the past 4 trading days.

magnumpiinohio.bsky.social•69 days ago

It's all bullshit

zayza-tree.bsky.social•70 days ago

Never mine Larry, Diane Swann said the same several times yesterday. @hereandnow.bsky.social

outpost36.bsky.social•70 days ago

blueweevil.bsky.social•70 days ago

The conman with no integrity messing with the economy of China is like an elementary kid picking a fight with a high school bully except it's doing to hurt millions of people

lr50.bsky.social•70 days ago

Of course China - and the EU among others - retaliate. What utter moron would believe everybody would just roll over? Oh yes, the orange clown still believes everybody is going to kiss his ass. Got that wrong - they'll KICK his dumb ass.

cooperhamilton.bsky.social•70 days ago

We moved from world's best economy to recession almost overnight. What the betting on timing to move from recession to global depression? Trump is setting records here.

rouxblanche.bsky.social•70 days ago

Maybe putting a 6 times bankrupt felon in the WH was a bad idea?

oliviaoftroye.com•70 days ago

🎯

pip-urria.bsky.social•70 days ago

i am starting to wonder if absolute economic collapse may be the least painful of all pble trump presidency outcomes.

a few yrs of abject poverty could lead to the u.s. separating into states/areas
and if the country regains fin stability we are likely to become a brutally repressive dictatorship

ceindeed.bsky.social•70 days ago

Can you imagine the Stock Market rebound if Trump were to suddenly drop dead from a heart attack ?

endmalcompetence.bsky.social•69 days ago

"Oh, be still, my heart!"

(Or his, anyway.)

ceindeed.bsky.social•69 days ago

Hehe..

lovexlove4real.bsky.social•70 days ago

#RepublicanRecession is abt making Americans poor in America. It's abt imposing the Sin of Poverty on Americans. & as #Republicans are helper of ( #AntiChrist Trump) Repubs are making 🇺🇸 into a "shhthole" country, those words are Trump language. 'AntiChrist' in not 1 person, it's those helpin too.

tippycanoe61.bsky.social•70 days ago

Well… you can see it on Fox News hosts faces… they just lost a lot of money….. personally…… good…. Wake up

carolesmithgayler.bsky.social•69 days ago

Nation wide anti-Trump demonstrations planned for April 19 in all 50 states; 50501 is organizing another nationwide demonstration on April 19th. 50501 movement check for a location near you! Pass the word! show up and turn out for your future! April 19 let’s roll!

my2000things.bsky.social•70 days ago

Anyone with a modest amount of awareness of the world's economies can see that there's a recession. Many people are choosing not to see that truth. Spinning things as "it's running well" or "it's an adjustment" or "it's Biden's fault" is just plain lying.

dnrdiamond.bsky.social•70 days ago

This is on every MAGAt voter. MAGAts need to get out the cult and call the rethuglicans they voted for and get in the streets with us and protest 🇺🇸

nibberdoo.bsky.social•70 days ago

The Heritage Foundation & all those supporters of Project 2025 are positively GIDDY. They want to control the global economy. All that projection about Democrats and fear-mongering saying Dems want a One World Order…guess who wants that? GUESS 🤨 Ol’ Mike Flynn et al are positively beside themselves.

bmorelisa.bsky.social•70 days ago

Remember when they said Obama would run for a 3rd term. They plant their plans as seeds in the minds of their paranoid, angry base so when they do that very thing they accuse liberals of, the cult celebrates, “we beat you to it.”

teepig.bsky.social•70 days ago

I didn’t realize before it was just about Wall Street? I thought it was always about the well being of all the American people.

lisoosh123.bsky.social•70 days ago

Donald’s been busy.

bmorelisa.bsky.social•70 days ago

Sad that renditioning human beings with no due process to a gulag wasn’t a red line . They lapped up Trump’s misogyny & racism. They saw themselves victims of a woke mob. They have cast their lot in with the destroyer of the USA.

australiakatie.bsky.social•70 days ago

And what does it say about the orange president’s utter ignorance & stupidity. Not to mention his “moron” (quote Musk) contempt of congress-convicted adviser…

lor-af.bsky.social•70 days ago

Yep. Having a recession officially declared means looking backward for the downward trend, but we’re living the trend right now.

23butterfly23.bsky.social•70 days ago

Olivia, you have my deepest respect! Appreciate your posts very much.

littlemissemmet.bsky.social•70 days ago

..that felon is hurting us AF, in the rest of the world aswell...

mblehrhoff.bsky.social•70 days ago

Giving a serial bankrupt grifter and congenital liar total control over the economy was a bad idea???
Shocker.

oliviaoftroye.com•70 days ago

🎯

smartmove.bsky.social•68 days ago

We all lose because of a man/baby tyrant. This is third world. Maybe it’s time to treat Trump like he is; a deranged psychopath.

elchapablo.bsky.social•70 days ago

The economy didn't "break".
Trump "broke" it.

amardguru.bsky.social•69 days ago

These oligarchs should have thought it through before crowning Trump their savior.

taylorcollins.bsky.social•70 days ago

What is the point and why are the GOP members of Congress not moving in impeachment and removal. They cannot talk or walk any of this back. We are totally screwed this time and the Republicans are totally to blame.

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