U.S. Equity Markets Are Very Stretched: Lewis

The video discusses the current state of the US economy, highlighting strong performance but also warning signs in the equity markets and credit spreads. It contrasts this with global economic challenges, particularly in Europe, China, and Japan, and questions the US's ability to remain unaffected. The discussion then shifts to Japan's economic policies, critiquing the Bank of Japan's monetary strategies and highlighting structural issues such as trade deficits and government debt.

What are the structural issues facing Japan's economy as discussed in the text?

How has the Japanese savings rate changed since 1980, and what implications does this have?

What are the potential consequences if interest rates rise in Japan?