Economist Shepherdson Sees Dollar as Drag on Goods Prices

The video discusses the impact of a strong dollar on goods prices and core CPI, highlighting the role of services and wages. It reviews historical yield trends since Eisenhower, noting a long-term decline in real yields. Current economic pressures, including reckless fiscal policy and market fears of inflation and downturn risks, are analyzed. The video concludes with a future economic outlook, predicting potential wage growth and a strong economy despite short-term challenges.

Discuss the implications of the current account deficit mentioned in the text.

What are the potential effects of a super tight labor market on wage growth?