Goldman's Mossavar-Rahmani Says the Shutdown Is Part of Politics

The video discusses the economic impact of the US government shutdown, estimating a weekly GDP loss and potential recovery based on historical data. It highlights the resilience of the US economy despite political pressures, such as those from President Trump on the Fed. The role of consumer spending and the potential for debt repayment with delayed paychecks are analyzed. The video also touches on the small impact of the shutdown on the labor force and the larger influence of global issues like tensions with China and Iran on business and consumer sentiment.

What is the estimated weekly impact of the government shutdown on the US economy according to Goldman Sachs?

• 7%

• 0.07%

• 0.7%

• 0.007%

Which past president is mentioned as having put pressure on the Federal Reserve?

• President Reagan

• President Obama

• President Bush

• President Clinton

What is highlighted as a key strength of US institutions during political challenges?

• Flexibility

• Checks and balances

• Rapid decision-making

• International alliances

How might consumers use their paychecks once the shutdown ends, according to the survey mentioned?

• Go on vacation

• Invest in stocks

• Pay down debt

• Buy luxury goods

Which global issue is NOT mentioned as affecting economic sentiment?

• Trade issues with China

• Tensions with Iran

• Conflict in Syria

• Brexit negotiations