The long-run health of the U.S. economy is fixable and investors can afford to relax, according to Larry Fink.
A famous person called me and said that he couldn't stand it and needed to get out. In an interview with Mad Money, Fink said that he told him to go on vacation.
Sell it if you can't stand it. He pointed out that falling commodity prices were a sign of deflation.
Tech stocks helped the major averages gain on Wednesday. On Tuesday, when investors bet that the market is bottoming, they picked up riskier assets. After the Federal Reserve started raising interest rates, these stocks lost a lot of money.
Cramer asked if the Fed's rate increases and the Russia-Ukraine war were a threat to the health of the U.S. economy.
We had more problems in our country when you started your career than when I started. He said that they would get through it.
There is a chance of a recession. Even if we are in one it will be mild. He said that the financial foundation of America is strong.
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