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"The fiscal stimulus will provide support to the economy as we weather the housing correction, capital markets turmoil, and higher energy and food prices," he said.
"The positive is that the capital markets turmoil is taking place against the backdrop of a very strong global economy," Mr. Paulson said.
In April, G.E. reported worse-than-expected first-quarter earnings, which were battered by slowing consumer spending and the financial markets' turmoil.
Unlike Santander, HSBC said it was difficult to find attractive buying opportunities in developed economies as a result of the financial markets turmoil.
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The market turmoil.
NEW YORK TIMES Market Turmoil Claims 8 I.P.O.
Has market turmoil left you feeling afraid?
Normally, market turmoil inhibits deal-making.
MARKET turmoil usually spells good news for someone.
The employer, not the worker, weathers market turmoil.
Emerging-market turmoil might not hurt America, Europe and Japan directly.
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