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Volatility is going to be one of the few constants in this environment and that's because there are all of these structural changes that are hard to understand.

All the signs are and all the trend lines indicate that inflation is more likely to

accelerate.

We've got to go back to 1938 to find capital levels in the banking industry as high as they are today and that affects

the ROE.

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

Bloomberg Radio. Good morning everyone, Michael McKee. Finance and On a Friday we've got lots going on in this hour.

Dean Mackey of 0.72.

He was outrageous 90 days ago modeling out an unemployment rate down to 4.2, 4.1, even 4.0 percent. That is hugely optimistic on the American

labor economy. Dr. Mackie will join us in this hour. John Golub with us with

RBC Capital Markets

...