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We're in trouble with these super low rates.

We are causing financial instability.

We're causing risk-taking.

The world has a golden opportunity at the moment to achieve what I call a deflationary

rebalancing.

I'm calling the profit recession, yes.

And remember, not all profit recessions proceed actual recession.

Bloomberg surveillance, your link to the world of economics, finance and investment, on Bloomberg

Radio. Good morning everyone.

Bloomberg surveillance, Michael McKee and Tom Key, we are in New York.

We welcome all of you worldwide, all of you worldwide and of course across this great nation.

Bloomberg 991 FM in Washington, good morning.

Bloomberg 1,200 Boston, Bloomberg 1130,

in a wonderful, really spring like a lot of rain yesterday but a gorgeous New York today

and imagine how the flowers are going to be with all the rain we're having.

Yeah there's a drenching not a drenching like flooding and all that but it was a lot of rain.

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