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At The Economist's Buttonwood Gathering in lower Manhattan this week, the prevailing mood was in opposition to the euphoria in the financial markets.

The odds of a 'double-dip' recession have declined in recent weeks thanks to Europe's latest bailout and another round of better-than-expected economic data, but "the risk is still there and I don't think there's a foundation for growth that will significantly bring down unemployment," Larry Summers tells me in the accompanying clip. "Unless we're able to get more demand going, we're not going to generate the incomes necessary to have growth to allow us to move forward."

In order to stimulate demand, the former Treasury Secretary and President Obama's chief economic advisor says the keys are infrastructure spending, tax cuts for middle-income families and relief for struggling homeowners via refinancing and/or mortgage modification.

On these issues, Summers says the President is "very much on the

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The Daily Ticker was on location Thursday covering The Economist's Annual Buttonwood Gathering. We caught up with former Treasury Secretary Larry Summers, Blackrock's head of fixed income Peter Fisher and former car czar and investment banking rainmaker Steven Rattner.

In the accompanying clip, Aaron Task talks to Rattner about the growing income inequality problem in America and the subsequent Occupy Wall Street protests. Earlier this week the Congressional Budget Office released a report that showed the top 1% of Americans saw their income grow 275% from 1979-2007 while the rest of the population's income grew by no more than 40%.

Rattner says the growing wealth gap is in part due to globalization. As more companies move jobs where the cost of labor is cheaper that's undoubtedly resulted in fewer middle class jobs. And the ones that remain are paying less.

But, there is a way to reverse the trend.

"How do you create jobs for the long-term?,"