Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts.

This is Bloomberg surveillance.

Brexit really is a structural issue and that is if Britain does leave the EU,

what sort of events will that trigger?

In the Phillips curve, you have an inflection point,

and the infection point is when you hit full employment.

The market's going to be volatile at the Fed raises rates,

because the majority of investors out there,

quite frankly, haven't been through a regular cycle

and because of that they're going to be reactive and probably sell stocks.

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

Good morning everyone, Michael McKee and Tom Keem.

Bloomberg surveillance from our world headquarters in New York.

We say good morning to all of you worldwide.

Ian Bremer will join us here in a moment with Eurasia Group, looking forward to a discussion

on the American politics and the ramifications of our international policy, our international relations.

Bloomberg surveillance this morning,

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