American Economy Shows Vulnerabilities

US Treasury Secretary Scott Besant stated that the American economy is more fragile than the economic indicators suggest, raising concerns about its stability.

On Tuesday, U.S. Treasury Secretary Scott Bastian said that the American economy is more resilient than economic indicators suggest. "We see mixed data, and many economic indicators conceal the real state of affairs," he noted.

Bastian also expressed concerns about the potential increase in mortgage rates, which could lead to pressure on the housing market.

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U.S. stocks fell with Tesla shares down by 7.30%. The Dow slipped 0.19%, while the S&P 500 and Nasdaq saw larger drops, elevating recession concerns.

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This analysis addresses the impact of global war, the influence of the United States, and the geopolitical tensions between Russia, China, and Western democracies, as well as the search for peace in Ukraine.

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