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. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene always with Michael McKee.

Daily, we bring you insight from the best in economics, finance, investment and international relations.

Find Bloomberg Surveillance on iTunes,

SoundCloud, Bloomberg.com and of course on the Bloomberg.

If you look at the markets and you look at what is happening in the face of reported

slowdown across the world, the Brexit situation in the United States and many have argued

all this is going to end badly an over-stimulated

global economy running on Central Bank fumes.

One of those who has argued most vociferously that we are headed for trouble is Kamal Sri Kamar of Sri

Kumar global strategies and Kamal you've got to be shaking your head at the fact that we

keep making new highs on the stock markets and we're starting to see bonds get a little weaker and

and yields go up and yet everybody's talking about cuts cuts cuts from the central banks.

Yeah Mike I think what is happening today is a steepening of the yield curve, but we have

seen the yield curve in the United States flatten before today, and I think we will return to the flattening yield curve and

specifically you may remember that when I was on the radio program with you a couple

of months ago there was a caller who was going who called wrote to you to say

that he would take the other side of my 1% 10 year yield bet I would really like to take that person on I think we are headed to 1% and I think we

...