Why Economist LaVorgna Is Worried About U.S. Growth in 2022

The transcript discusses the current economic growth, predicting a slowdown in 2022 due to factors like pandemic-induced spending and consumption trends. It examines the Federal Reserve's likely inaction in terms of tapering and interest rate hikes, influenced by market expectations and potential budget deals. Inflation concerns are addressed, with a focus on unique economic conditions and the impact of fiscal stimulus. The discussion also covers supply chain disruptions and their effect on market dynamics, emphasizing the importance of real yield and secular stagnation.

How does the speaker interpret the yield curve and its implications for growth?

What does the speaker suggest about the relationship between fiscal stimulus and inflation?

In what ways does the speaker believe the current economic situation is unique compared to past cycles?