Paulson On Recession - "Absolutely Not"

Discussion in 'Economics' started by Trader5287, Aug 1, 2006.

  1. Bold comment. I wonder what he's seeing.

    WASHINGTON (MarketWatch) -- Treasury Secretary Henry Paulson said he's talking with Wall Street leaders on Tuesday about how to strengthen the U.S. economy and capital markets. Paulson commented in an interview on CNBC television ahead of a public speech at Columbia University. Paulson made no changes in U.S. policy, saying that a strong dollar is in the national interest, and calling on China to embark on structural reforms that would create more flexibility in its currency and allow for greater domestic consumption. He said the fiscal deficit is improving, but its long-term stability depends on reforms in entitlement spending. Asked if the economy faces a recession in the near term, Paulson declared, "Absolutely not."
  2. hans37


    job security
  3. capmac


    What did you expect him to say? Yes, there will be a recession. and things don't like bright... ???

    We could be in a full blown depression and someone like Abby Joseph Cohen will STILL say on CNBC: BUY MORE STOCKS FOLKS! ...