U.S. Economy Is Standing on One Leg, More Fed Cuts Ahead: BNP Paribas

The video discusses the current state of the US economy, emphasizing the significant role of the US consumer. It highlights concerns about the economy's reliance on consumer spending, given the weakness in other sectors like exports and business investment. The discussion also covers the US-China trade war, noting that while a phase one deal is expected, uncertainties remain for future negotiations. The video examines GDP changes, focusing on the second derivative as an indicator of economic slowdown. Finally, it considers the Federal Reserve's potential response, including rate cuts, to address economic challenges.

What does the term 'second derivative' refer to in the context of economic slowdown?

In what ways is the consumer showing signs of slowing down?