Global Economy Looks to Be at a Turning Point, Blanchflower Says

The video discusses Blanchflower's prediction about the narrowing choices of central bankers and the Fed's mistakes, leading to a credibility gap. It highlights the global economic slowdown, trade wars, and potential financial crises, comparing the current situation to the Great Crash. The discussion includes Keynes' warning about prolonged economic slumps and the transition to a new economic era post-2008.

What did Blanchflower predict about central bankers?

• They will face fewer challenges.

• They will have more choices in the future.

• Their degrees of freedom are narrowing.

• Their degrees of freedom are expanding.

What is the main issue with the Fed according to the transcript?

• They have a credibility gap with the markets.

• They have too much credibility.

• They are too secretive.

• They are too transparent.

What is driving the current economic turning point?

• Increased consumer spending

• Macro errors and global slowdown

• Technological advancements

• Rising employment rates

Which countries are mentioned as experiencing economic slowdown?

• Australia and Japan

• China and Germany

• USA and Canada

• India and Brazil

What did Keynes warn about in relation to economic conditions?

• Stable economic conditions

• Immediate economic recovery

• Long dragging conditions of semi slump

• Rapid economic growth