IMFs Lagarde: Facing Serious Clouds on Horizon

The transcript discusses the concept of the 'new mediocre,' characterized by crisis legacies, uncertainty, and economic challenges. It highlights the discrepancy between market performance and real economic recovery, emphasizing concerns over high asset values and low volatility. The urgency of addressing these issues is compared to mathematical derivatives, indicating a need for immediate action.

What are the three components of the new mediocre as described in the text?

What legacy factors contribute to the new mediocre according to the speaker?

What does the speaker mean by 'serious clouds on the horizon'?

What concerns do economists have regarding the new mediocre?

How does the speaker describe the current state of the economy in relation to the stock market?