Greenspan: I Haven’t Been Optimistic in Quite a While

The video discusses the slowing growth rate and data uncertainty, particularly in China, as its productivity approaches that of the US. This convergence may lead to economic challenges, including currency issues. The video also critiques the Dodd Frank regulations for not addressing key economic problems like 'too big to fail.' Finally, it highlights how entitlement programs are crowding out capital investment, affecting productivity and living standards.

What is the main reason for the anticipated slowdown in China's economic growth?

• Increased competition from other Asian countries

• Convergence of productivity levels with the United States

• Lack of technological innovation

• Rising labor costs

How might a renminbi devaluation affect the global economy?

• It would have no significant impact

• It could lead to a stronger euro

• It might result in a weaker U.S. dollar

• It could create a dollar similar to the late 90s Reuben Dollar

What is a major criticism of the Dodd-Frank regulations according to the speaker?

• They have not addressed the 'too big to fail' issue

• They have increased the number of financial institutions

• They have led to higher interest rates

• They have reduced consumer protection

What is the speaker's outlook on resolving entitlement programs?

• Neutral, as the situation is improving

• Pessimistic, due to lack of political will

• Optimistic, as reforms are underway

• Uncertain, as data is inconclusive

What is the impact of entitlement programs on the economy, according to the speaker?

• They boost consumer spending

• They crowd out capital investment

• They increase government revenue

• They enhance productivity