Purves: Choppy Road to Fiscal Stimulus, Higher GDP

The video discusses the dynamics of the US dollar, focusing on historical changes and potential impacts of a Trump dollar. It highlights the importance of real rate differentials over nominal ones and the role of inflation expectations. The discussion also covers Trump's potential economic strategies, including FX weaponization and infrastructure projects, and their implications for inflation and market expectations. The market's desire for higher nominal GDP and fiscal stimulus is emphasized, noting the challenges ahead.

What challenges might arise from the proposed infrastructure build discussed?

Why is there a market craving for higher nominal GDP and fiscal stimulus?