Northern Trust's Tannenbaum on US Shutdown

Northern Trust's Tannenbaum on US Shutdown

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the potential government shutdown in the US and its economic implications, including effects on consumption, growth, and deflation. It examines the impact of political dysfunction on US creditworthiness and the sustained foreign demand for US Treasuries. The discussion also covers the current state of American consumer confidence and spending, highlighting factors like interest rates and student loans. Finally, concerns about a potential US debt crisis are addressed, with insights into market conditions and economic activity.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most likely outcome if a full budget is not passed by the end of Saturday night?

A continuing resolution allowing departments to continue spending

A complete government shutdown

A decrease in government spending

An increase in taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might a government shutdown affect the Federal Reserve's decision-making?

It could delay decisions on interest rates

It would have no effect

It would lead to an immediate increase in interest rates

It would cause the Federal Reserve to shut down

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What concerns do rating agencies have about the U.S. government?

The strength of the U.S. dollar

The high level of taxes

The dysfunction and lack of budget discipline

The inability to pay debts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in foreign demand for U.S. Treasuries?

It has been unpredictable

It has significantly decreased

It has remained stable

It has increased dramatically

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is not helping consumer confidence according to the transcript?

High oil prices

Low interest rates

Increased wage gains

Strong employment market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Ray Dalio's concern regarding the U.S. economy?

A potential debt crisis

A stock market crash

A rapid increase in inflation

A housing market collapse

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current state of household and corporate balance sheets in the U.S.?

Unstable and unpredictable

In very good condition

In poor condition

Rapidly deteriorating