U.S. Sets Productivity Frontier for Rest of World: Dutta

The video discusses the current state of the US economy, focusing on consumer sentiment, the end of deleveraging, and the impact of oil prices. It highlights the resilience of the US economy compared to global markets and explores the role of consumer spending as a potential economic tailwind. The discussion also touches on the housing market and fiscal policy, with predictions for future economic trends.

What are the potential impacts of lower oil prices on the macro economy according to the discussion?

In what ways has the US economy been described as a relatively closed economy?