A lot of talk about inflation driving gold higher, but the copper / gold ratio which is a proxy for global growth, is signaling deflationary depression. pic.twitter.com/u2hpZvZ1of
— Mac10 (@SuburbanDrone) April 11, 2025
People still have no idea the decoupling is happening. Ships are no longer sending goods from China to US or US to China. No trade, everything stop. People will feel it in weeks. US exporters already felt it this week.
Brace yourself for impact, it’s going to be ugly https://t.co/BaZCX5fbHz— David Lee (@DavidLe76335983) April 11, 2025
BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative.
“I think we’re very close, if not in, a recession now,” Fink said on “Squawk on the Street.”
Fears of an economic slowdown have risen sharply since President Donald Trump unveiled widespread tariffs last week, sparking a sell-off in the stock market. Trump on Wednesday announced that he was pausing some of those import levies for 90 days, but that move is not enough to restore confidence in the economy, Fink said.