Surveillance: Yellen on China & Recession Risk
Bloomberg Surveillance
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Emerging Markets: A More Meaningful Shift on the Heels of Better Than Expected Data
David Baillen: Next year we're going to be one half of 1% higher in GDP in the US. It's going to take time for momentum to build, he says. In emerging markets, if you don't take a lot of credit risk, you can actually get yields of 7% to 8%. He thinks that trend could last for several years from here and that the dollar could be considerably weaker.
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