Dartmouth Tuck's Peter Fisher Sees a 'Fishhook Recover'

The transcript discusses the challenges of economic recovery, highlighting the disconnect between market performance and economic data. It explores the role of the Fed in influencing financial markets, the impact of social tensions on the economy, and the difficulties in finding a new engine of growth. The discussion also covers the Fed's actions in stabilizing financial conditions and the potential consequences of these actions on asset prices and economic stability.

What is the significance of the savings rate in relation to consumption and economic recovery?

In what ways might the current economic policies exacerbate social tensions and impact household confidence?

How does the Fed's approach to stabilizing financial conditions affect the real economy?