Paulson Optimistic on U.S. Economy
Treasury Secretary Henry Paulson says the economy is healthy, inflation seems under control and the U.S. should not perceive China as an economic enemy.
After a week in which the Dow Jones industrials posted their worst weekly performance in more than four years, Paulson said in a television interview broadcast Sunday he felt good about the economy and discounted the chance of an economic downturn.
"Markets never move in any one direction forever in a straight line. And so I look at it and put it in perspective and say, over the last year, the Dow's up almost 11 percent, the S&P's (the Standard & Poor's 500 index) up 9 percent, and I'll take it," Paulson said.
After a week in which the Dow Jones industrials posted their worst weekly performance in more than four years, Paulson said in a television interview broadcast Sunday he felt good about the economy and discounted the chance of an economic downturn.
"Markets never move in any one direction forever in a straight line. And so I look at it and put it in perspective and say, over the last year, the Dow's up almost 11 percent, the S&P's (the Standard & Poor's 500 index) up 9 percent, and I'll take it," Paulson said.
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