US Economic Outlook
Second Quarter 2021
Fiscal and monetary stimulus lifted the housing market. Supply and demand imbalances may slow the its ascent and inflation.
Record stimulus. Asset inflation. Good & Services inflation requires tight employment. Stay tuned.
A slow vaccine roll out is slowing the rebound. It will pass. Productivity's return is the critical question.
Quick action avoided a calamity in Asia. Demographics and debt may now conspire to the limit future growth.