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The fear is that policymakers move inward and reverse globalization in the next few years

for short-term gain at long-term pain.

But the Fed were to hike rates much too quickly or by too much.

That could raise off any recovery.

The Fed is usually in a situation where they're kind of suggesting to the market, we'd like to raise rates, we'd like to not raise rates, and then if the market agrees with them, they do it.

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

Good morning, happy new year, David Gura and Tom Keene in New York,

on this 3rd of January 2017, out of the studio today at Eurasia Group's headquarters.

Eurasia Group having just released its top risks for 2017 this morning.

Ian Bremer joins us for the hour to walk us through it and the report will underpin important conversations with former Treasury Secretary Lauren Summers, now Charles

Elliot University Professor at Harvard,

Nurele Rubini, Professor of Economics and International Business at the Stern School at

NYU and Dominic Barton Global Managing Partner at McKinsey and Company will also speak

with Roger Marjan of the University of Chicago's Booth School,

of course the former governor of the Reserve Bank of India.

...