Oil Selloff Looks to Be an Over-Reaction: Spence

The video discusses the current state of major global economies, highlighting the relative health of the US and China compared to the weaker eurozone and Japanese economies. It evaluates the resilience of American institutions like the Federal Reserve and Congress in facing potential crises. The challenges within the eurozone, particularly Greece, are examined, along with the impact of oil price fluctuations. The discussion also touches on the political landscape in Europe and the potential for radicalization.

Which two economies are considered relatively healthy according to the discussion?

• United States and China

• China and Eurozone

• Japan and Eurozone

• United States and Japan

What is the main role of the Federal Reserve as discussed?

• To create new economic policies

• To act as a Sherpa in crises

• To regulate international trade

• To manage the stock market

What is a significant issue facing the Eurozone according to the discussion?

• Lack of natural resources

• High inflation rates

• Excessive conservatism

• Excessive spending

What is the economic situation in Greece as described?

• Greece has limited fiscal wiggle room

• Greece is systemically important in the Eurozone

• Greece has ample fiscal capacity

• Greece is experiencing rapid economic growth

What factor is primarily responsible for the decline in oil prices?

• Increased supply and slow demand growth

• Decreased supply

• Increased demand

• Government intervention

What is the potential risk in Europe related to political movements?

• Decline in voter turnout

• Strengthening of traditional parties

• Rise of populist radicals

• Increased support for the Euro

What is the role of the ECB in maintaining stability in Europe?

• To increase taxes

• To commit to the financial system and sovereign debt markets

• To reduce government spending

• To promote tourism