Will the Trump Trade Continue?

The transcript discusses the market's reaction to Donald Trump's election, focusing on rising yields and the potential shift from central bank-driven to fiscal policy-driven economic growth. It explores the yield curve, highlighting the Fed's role and market expectations for 2017. The discussion includes market pricing, growth expectations, and the belief that interest rates will remain low. The long-term outlook considers the subdued global rate environment and the lack of a permanent change in the U.S. growth trajectory, emphasizing productivity and global rate influences.

Why is there skepticism about a permanent change in the growth trajectory for the United States?

What are the two major forces that will keep interest rates subdued and low?