The Underlying Forces Holding Back U.S. Economic Growth

The transcript discusses the challenges of the US economic recovery, focusing on debt servicing and the impact of Trump administration policies. It highlights the high debt levels in both public and private sectors and the risks of adding new debt. The discussion also covers the potential effects of fiscal stimulus and tax reforms on GDP growth, considering structural impediments. The outlook for 2017 is cautious, with concerns about market dynamics and investment strategies, particularly in bonds and equities.

In what ways might fiscal stimulus and tax reforms contribute to real economic growth?

What challenges do structural impediments pose to achieving sustainable economic growth?