US treasury secretary Henry Paulson said that the
recent US stock market volatility does not necessarily
reflect strong fundamentals in the US economy, nor those
of the developing Chinese economy.
a radio interview, Paulson said despite weakness in manufacturing
and housing, the US economy was strong, with low unemployment
and strengthening exports.
said that markets at any one time don''t necessarily reflect
the economic fundamentals in markets. "Certainly
you don''t move in a straight line one way or the other
forever. So as long as you have markets, you''re going
to have volatility," Paulson said.
whether this week''s stock market declines indicated more
volatility and risks in the US economy, Paulson said,
"For at least as long as I have been looking at markets,
there is volatility in markets.