Pimco's Fels Sees U.S. Recession Risks Under Trump

The video discusses the economic uncertainties of 2017, focusing on the impact of the US election and Trump's policies. It highlights the potential for a recession due to protectionist measures and fiscal policies. The discussion also covers the effects of negative interest rates in Europe, the ECB's stealth rate cut, and the ongoing currency war. The video concludes with an analysis of the bond market and interest rate hikes by the Fed, predicting a steepening yield curve.

What factors contribute to the uncertainty in economic forecasts for 2017?

How does the speaker describe the economic cycle in relation to Trump's presidency?

What are the two recession risks mentioned in the discussion?

How does the speaker characterize the current state of the euro in relation to the currency war?

What impact does the speaker predict regarding interest rates and bond yields in the US?