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Surveillance: Michele sees recession by year end

Bloomberg Surveillance

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The Equity Market in a Decelerating Growth Environment

There's been a growing theme in a lot of the notes that I've been reading about this inflection point. We haven't seen that happen yet, but we think that that's something that comes in the next couple of quarters here. William Lee joins us now, Chief Economist and Milken Institute. Billy, let's start with Greenspanian 101. Is China in their slowdown going to export disinflation and deflation?

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