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is Bloomberg surveillance.

I am the modest and foolish near term, but I'm

barrish intermediate term.

I expect the S&P to decline to a low double digit percentage this year.

I think if we're going to take long dollar positions,

I think the euro is the way to go right now,

short the euro long the dollar.

I don't think inflation's too low.

The public doesn't care that core PCE inflation is 1.4%. They're oblivious to it.

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

Good morning, I'm Michael McKee.

It's 7 a.m. on Wall Street 8 PM in Shanghai, where G20 finance ministers and central

bankers are meeting to save a world financial

system that today at least doesn't look a whole lot like it needs saving.

That said, there are a lot of problems out there for them to talk about and talk

about them.

...