Inflation, Dollar Strength, and Faster U.S. Growth

The transcript discusses economic forecasts for 2017, highlighting expected inflation and growth rates. It examines the impact of potential tax reforms, corporate tax changes, and infrastructure spending on the economy. The conversation also covers the implications of a stronger dollar and the potential implementation of a border tax. The debate on how corporations will allocate capital, whether towards stock buybacks or productive investments, is explored. Finally, the transcript delves into market psychology and how CEOs might respond to competitive pressures and economic conditions.

What factors are contributing to the expected increase in inflation?

How might tax cuts and corporate tax reform impact economic growth?

In what ways could a stronger dollar affect the economy?

What concerns are raised regarding the allocation of repatriated capital?

What role do 'animal spirits' play in corporate decision-making?