Surveillance: Recession Chances with Hatzius (Podcast)
Bloomberg Surveillance
00:00
Are We Reaching That Breaking Point?
In developed countries we don't get riots or civil unrest in the same kind of way. We get more organized expressions of popular discontentand that means strikes and protests. And what i think we are already seeing is fuel prices and substidies for fuel prices are going to come first. Food is a bit more difficult in developed countries. Those kinds of subsidies in the uka, in europe, i think are just a question of when and not if. It's very real it'll be winter before we see push come to shove on this.
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