Expect a Square Root Recovery, Not a V-Shaped One

This week, Christopher Ailman, the chief investment officer at CALSTRS, the California state teachers retirement system, came on to talk about the FOMO rally and why he thinks the recovery will look more like a square root than a V-shape. Richard Haass, the president of the Council on Foreign Relations, joined to talk about his new book The World: A Brief Introduction and the new cold war between the U.S. and China. Then former Minneapolis Fed President and Bloomberg Opinion columnist Narayana Kocherlakota explained why he thinks the Federal Reserve is "being a drag."

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