Good commentary here from Jan Hatzius, the Chief US economist at Goldman Sachs. Unlike most analysts, Hatzius has been a bit more cautious on the US economy (and he has been correct). In this segment he discusses why the recovery has been so weak and why the risks lie to the downside. Hatzius says the end of fiscal stimulus will reveal very weak underlying demand:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.