Nuven Zio Saira Malik assesses the state of the US markets and shares its economic look at the “Round Table of Baron”.
Finance Secretary Scott Biesent said Sunday that he was not worried about US markets in the long run, although actions fell last week in president. Donald Trump’s tariff threatsTelling the Americans there will be a “transition”, not a “crisis”.
Beseate made the remarks during the NBC’s “Meet the Press”, saying “a week does not make the market” when asked if Americans whose retirement invested in markets you need to take care.
“We have these big government deficits, 6.7% of GDP,” Ruben said. “We have never seen this when we are not in times of war, not in recession. We crash them in a responsible way. This is a transition. And we won’t have a crisis. “
The furious said the stock market corrections are “healthy” and “normal”.
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“What is not healthy is upright, that is, euphoric markets,” he said. “That’s how you get a financial crisis.”
Renition noted that “if someone put the brakes in ’06 -’07”, it could prevent problems leading to the 2008 accident.
“So I’m not worried about markets,” he said. “In the long run, if we establish good tax policy, deregulation and energy security, markets will do great.”
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After seeing large swings earlier in the week due to increased trade tensions, all three of the largest benchmarks in the United States on Friday solidly solid, with the industrial average Dow Onesons increasing by 1.6%, While S&P 500 And the Nasdaq composite has grown over 2%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: Dji | Dow onesons on average | 41488.19 | +674.62 |
+1.65% |
| SP500 | S&P 500 | 5638.94 | +117.42 |
+2.13% |
| I: com | Composite Nasdaq Index | 17754.08602 | +451.07 |
+2.61% |
However, for this week, Dau lost 3%, while the S&P 500 and Nasdaq composite fell over 2%.
Last weekend, Trump was asked about the potential of the recession.
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“This is a transition period, because what we do is very big. We are returning wealth to America, ” Trump told Fox Business Maria Bartomomo on “Sunday morning futures”.
Susan O’Haloran of Fox Business Digital contributed to this report.
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