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[quote=Anonymous]Bessent says we shouldn’t worry and no need to expect a recession. I want whatever he’s having….

These people are just not serious.

Bessent: "No reason" for markets to price in recession

Americans will benefit more from lower energy prices and interest rates than they will be hurt by falling stock prices as a result of President Trump's tariffs, Treasury Secretary Scott Bessent said Sunday.

Why it matters: Economists broadly fear a global recession, perhaps even a dire stagflationary environment of rising prices and slowing growth, after Trump's sweeping attempt to re-order the world's economy.
What they're saying: "Oil prices went down almost 15% in two days, which impacts working Americans much more than the stock market does. Interest rates hit their low for the year, so I'm expecting mortgage applications to pick up," Bessent told "Meet the Press" host Kristen Welker.

By the numbers: Stocks fell more than 10% Thursday and Friday, wiping out more than $6 trillion in investor assets. But Bessent was adamant the economy will hold up.

"I see no reason that we have to price in a recession," he said.
He also insisted that the day-to-day gyrations of the market weren't relevant over the long term, even for people nearing retirement now.
"Americans who have put away for years in their savings account ... don't look at the day-to-day fluctuations of what's happening," he said.
Research shows the majority of American households own stocks, either directly or in mutual or retirement funds.

https://www.axios.com/2025/04/06/trump-tariffs-economy-recession[/quote]

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