Bessent Not Worried About Market, Calls Corrections Healthy
“I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.”
“We are putting the policies in place that will make the affordability crisis go down, inflation moderate and as we set the sails I am confident that the American people will come our way,” said Bessent, ran Key Square Group before joining the administration.
“저는 35년 동안 투자 업계에 종사해 왔으며, 조정(correction)은 건강하고 정상적인 현상이라고 말씀드릴 수 있습니다.”라고 베센트(Bessent)는 일요일 NBC의 Meet The Press에서 말했습니다. “저는 시장에 대해 걱정하지 않습니다. 장기적으로 보면, 우리가 좋은 세금 정책을 도입하고, 규제를 완화하며, 에너지 안보를 강화한다면 시장은 훌륭한 성과를 낼 것입니다.”
“우리는 주택 부담 위기를 완화하고, 인플레이션을 완화하며, 경제의 방향을 설정하는 정책을 마련하고 있습니다. 저는 미국 국민들이 우리를 지지할 것이라고 확신합니다.”라고 키 스퀘어 그룹(Key Square Group)을 운영하다 행정부에 합류한 베센트가 말했습니다.
There Are Plenty of Reasons to Be Optimistic About Europe
Yet, there are strands of optimism. Jean Monnet, one of the founding fathers of the European Union, famously noted, “Europe will be forged in crisis.” There are signs that the current crisis is spurring Europeans to address longstanding and intractable challenges. In particular, much of Europe’s leadership appears to have reached a real inflection point on how they think about the need for closer cooperation on defense and security. Three developments stand out.
The first is the arrival of Friederich Merz as a key player on the European stage. The leader of the Christian Democratic Union, who is almost certain to become Germany’s chancellor after his party came out on top in last month’s federal elections, has had an immediate impact. His plans for an unprecedented increase in defense and infrastructure investment — circumventing the country’s restrictive debt brake — is a second Zeitenwende, says Charles Grant, director of the Centre for European Reform, referring to the epochal change that current chancellor Olaf Scholz promised in 2022 when Russia launched its full-scale invasion of Ukraine. The spending boost promises not only to revive Germany’s military but its economy, too. Goldman Sachs has raised its forecast for German growth in 2027 by one percentage point to 2%.
Merz’s support for increased German defense spending will inevitably have a knock-on effect on the policies of other European countries, Grant says. In particular, Merz’s insistence that Europe needs “independence from the USA” aligns him with Emmanuel Macron, who has long advocated “strategic autonomy.” That has boosted the beleaguered French president’s standing, which is important for Franco-German and wider European cooperation.
그럼에도 불구하고 낙관적인 요소들이 일부 존재합니다. 유럽연합(EU)의 창립 아버지 중 한 명인 장 모네(Jean Monnet)는 유명한 말로 “유럽은 위기 속에서 단련될 것이다”라고 했습니다. 현재의 위기가 유럽인들이 오랫동안 해결하지 못한 난제들에 적극적으로 대응하도록 촉진하고 있다는 신호들이 나타나고 있습니다. 특히 유럽 지도부의 상당수가 국방과 안보 협력의 필요성에 대해 새로운 전환점을 맞이한 것으로 보입니다. 이와 관련하여 세 가지 중요한 발전이 주목됩니다.
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