Supply Constraints Won't Hurt U.S. Economy Says Nomura's Alexander

The transcript discusses the impact of fiscal stimulus on economic growth, highlighting the importance of the duration of stimulus measures. It addresses labor market and supply chain constraints as potential growth caps, noting the bifurcation in household wealth. The conversation shifts to the expected normalization of demand as COVID-19 threats decrease, with a focus on the transition from goods to service sector demand. The discussion anticipates a burst of inflation but suggests that supply constraints will not significantly limit growth in the long term.

What are the anticipated effects of supply chain constraints on economic growth?

How is the service sector expected to change in relation to the goods sector as the economy recovers?