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Why the U.S. is Running Short of Truck Drivers and What it Means for the Economy

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On What'd You Miss This Week, Joe Weisenthal, Julia Chatterly and Scarlet Fu spoke with New River Investment Portfolio Manager and Bloomberg View Columnist Conor Sen about what he sees as the most worrisome (and not often discussed) constraint on U.S. economic growth at the moment. The U.S. is running short on truck drivers, and that's bad news for the whole economy. They also spoke with Tim Duy, University of Oregon professor, who broke down the latest inflation data and predicted the Federal Reserve could hike more than three times this year. And George Pearkes, Bespoke Investment Group Global Macro Strategist joined to talk about the net effect of the recent fiscal stimulus. The U.S. Economy is getting a big dose of stimulus from Washington with massive spending levels on top of tax cuts. With the economy already growing at a significant pace, it's going to make for an interesting experiment.

 

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