“The capital markets shut down for two or three weeks. Now they’re opening but not to the extent they were. So I think it’s pretty likely we will see a recession if you look at what’s happening to credit.”
And amid a bleak economic outlook, Paulson says global economic isolation is now a serious risk for the US.
“The Chinese are arguing that the US is trying to contain them and the Chinese people definitely believe that. They’re putting out to the world, and to American CEOs, that China is open for business again.
If America goes too far in curtailing trade and investment with China and we go far beyond what our allies and partners want to do, the result will be to isolate the US.
This is a dangerous situation… I have a concern that Congress is underestimating the relative power of China, the permanence of China, and China’s relationship with so many other countries.”
这个前财长无知，不清楚美国有五眼铁兄弟
And amid a bleak economic outlook, Paulson says global economic isolation is now a serious risk for the US.
“The Chinese are arguing that the US is trying to contain them and the Chinese people definitely believe that. They’re putting out to the world, and to American CEOs, that China is open for business again.
If America goes too far in curtailing trade and investment with China and we go far beyond what our allies and partners want to do, the result will be to isolate the US.
This is a dangerous situation… I have a concern that Congress is underestimating the relative power of China, the permanence of China, and China’s relationship with so many other countries.”
这个前财长无知，不清楚美国有五眼铁兄弟
