Reuters correspondent Luciana Lopez joins an elite fishing trip to find out what dangers the nation's top economists think are lurking beneath the surface.
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It's what you don't see it always quite -- And we have lots we don't see. Who thought about it bank important. Who said Argentina is -- default. And they're gonna try to construct something so banks buy the bonds from the hedge funds. So the credit committee can then be controlled by the banks who -- on the debt so that they don't. Declare failure with a credit default swap. -- -- -- -- My old boss Alan Greenspan used to see it on your rebuttal please -- prices dropped by 40%. When that might happen I don't know. China is the woman is the risk and I saw it in your eyes when ice in China go well. Nobody said that before. That's why it's a wrist biggest threat to use economies we have a bifurcated economy that's what I call recently on low low wage service oriented. Economy and then an economy driven by people that have investor -- assets. They haven't been affected as much by this downturn where's the priest economy -- and their purchasing power has been depleted by -- food. Inflation. Food inflation oil inflation and. I think inflation is probably the biggest threat and that's why the Fed and every other major Central Bank. Has a target of 2% inflation they don't love inflation they just want it high enough. That if things go Brad there's a check out there won't be in negative territory because that's a problem the Japanese have had for the last point five years. The Fed is tapering. They're going to eventually and their purchases by October. It would go into the great unknown and no one's ever done this before and maybe it works out okay. Maybe it ends up being really mess we can only hope. Wouldn't.
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