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Joining us this morning Ian Bremer from the Eurasia group working on his

the sequel to his book G0 world gee whiz world I think is what you're going to have to call it this time, because

G-Wiz, this is amazing.

There are different schools of thought.

There is an article out this morning says these yields are pointing to an enormous global slowdown and the possibility of

global recession and others say this is just

you know a massive expression of uncertainty that nobody knows what's going to happen because we've never

been in this kind of situation before. Where would you come down?

Clearly the latter. I think the level of geopolitical volatility is growing.

The weakness of established institutions,

the unwillingness of the Americans to act

as the global policeman, the architect of global trade, the cheerleader for global

...