Bessent ‘not worried’ about long term market, assures there won’t be a ‘crisis’
Nuveen Cio Saira Malik evaluates the state of the American markets and shares its economic outlook on “Barron’s Roundtable”.
Treasury Secretary Scott Beesen said on Sunday that he is not concerned about the American market in the long run, despite the decrease in stock last week amid President Donald Trump’s threats, and the Americans told that there would be “transfer”, not a “crisis.”
Bessent made notes while appearing on “Meet The Press” from NBC, saying that “one week does not emerge the market”, when asked whether the Americans whose retirement are invested should be worried about the market.
“We have this great deficit, 6.7 % of GDP,” said Pesin. “We haven’t seen this before when we are not in wartime, not in stagnation. We reject it in a responsible way. We will get a transition. We will not have a crisis.”
Pesin said that the stock market corrections are “healthy” and “normal”.
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Treasury Secretary Scott Paystint said on Sunday that he was “unaware” about the long -term American markets, as the Trump administration is looking to “move” to wealth to America. (Victor J. Blue / Bloomberg Via / Getty Images)
“What is unhealthy is straight, that is, the joyful markets,” he said. “Thus you get a financial crisis.”
BESSENT indicated that if someone had put the brakes in ’06 -’07 “, this may be the prevention of problems that lead to a breakdown in 2008.
“So I am not worried about the markets,” he said. “In the long run, if we set a good tax in place, cancel organizational restrictions and energy security, the markets will work wonderfully.”
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After seeing great fluctuations early in the week due to the high commercial tensions, all the three main standards in the United States increased solid gains on Friday, as the Dow Jones industrial average increased by 1.6 %, while the S&P 500 and the nasdaq boat increased by more than 2 %.
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| Me: DJ | Dow Jones Mediterranean | 41488.19 | +674.62 |
+1.65 % |
| SP500 | S & P 500 | 5638.94 | +117.42 |
+2.13 % |
| Me: Companies | Nasdak | 17754.08602 | +451.07 |
+2.61 % |
However, during the week, Dow 3 % lost, while the S&P 500 and NASDAQ fell more than 2 %.
At the end of last week, Trump was asked about the recession.
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“This is a transitional period, because what we do is very large. We are returning wealth to America,” Trump told Maria Bartopiromo.
Susan Ouraran of Fox Business Devigetter contributed to this report.
2025-03-16 17:48:00
