Nomura Doesn't See U.S. Recession Until 2020 or Beyond

The video discusses global economic policies, focusing on the Fed's rate hikes, ECB's asset purchasing, and Japan's monetary policy. It highlights concerns about the US economy, including inflation and budget deficits, and examines the impact of oil prices on inflation. The potential for a recession and the economic outlook are also explored, with an emphasis on the strength of economic fundamentals.

How does the speaker view the impact of the oil price on inflation expectations?

What factors does the speaker believe contribute to the current economic conditions?