"If the U.S. economy further slows and enters a recession," which Larry Fink told CNBC this morning we are "very close" to being in, "our budget deficit relative to GDP will go north of 10% ...

Incredibly enough, the president completely backed off of reciprocal tariffs yesterday. Yes, there are a bunch of caveats--it's just a 90-day pause! It's only for nations that don't retaliate! Etc ...

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