Northern Trust's Tannenbaum on US Shutdown

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.

How does the dysfunction in Washington affect the creditworthiness of the US?

What factors contribute to the appetite for US debt in the current economic climate?

What are the potential effects of rising oil prices on consumer spending?