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.

How do past government shutdowns compare to the current one in terms of duration and impact?

What impact does the government shutdown have on the US economy according to the economists at Goldman Sachs?

In what ways does the government shutdown reflect on the rule of law in the United States?

What are some factors that could influence consumer spending during the government shutdown?

What are the potential long-term effects of the government shutdown on the US labor force?