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See that i've not articulated? >> no. the only thing i point out is the economy is growing slowly. you know, it's growing around 2%. that is the bare minimum growth you need to generate enough jobs to keep unemployment low. so if anything else goes off script, of course, you know, i can come up with lots of things that could go off script here and growth slows a little bit, unemployment will starts to rise. once unemployment starts to rise, recession risks rise with it considerably. there's no cushion here. everything has got to stick to script otherwise we'll be back worrying about recession ...

Be going up. they're not going up. something is wrong here. >> i think that's right. something is wrong, and i don't think there's one simple answer to what's wrong. but, you know, what we are seeing increasing demand for workers, but that isn't translating to workers being able to demand better conditions on the job. >> right. >> including higher wages. and that link, that link that gives workers more bargaining power just seems to be broken. >> what do you think, mark? >> yeah. i don't think the models are brecken. i mean i think if you roll this back a year ago, you know, we were on track t...

Something is wrong here. >> i don't think there's one simple answer to what's wrong, but we are seeing an increasing demand for workers that isn't translating to workers being able to demand better conditions on the job, including higher wages. and that link that gives workers more bargaining power just seems to be broken. >> what do you think, mark? >> yeah, i don't think the models are broken. i think if you roll this back a year ago, you know, we were on track to seeing a very strong economy, lower unemployment. wage growth was picking up particularly at the low end. of course, minimum wage...

Financial markets, the bond market, you know, the so-called yield curve, kind of a geeky thing, but it's a leading indicator, and that indicator has been signaling very strongly that this time next year the u.s. economy will be in recession. so the collective wisdom of global investors are already concluding that recession is increasingly likely. so i think the president still has some time. you know, i think he can -- if he can stand down, find some face saving arrangement to end this thing and not follow through on those threats. i think the economy will navigate through barely. if he follow...

Headline is wall street strategies are warning clients about elevated recession risks and get ready for higher volatility. what do you see happening? what is your advice to consumers? >> i see higher volatility. part of the problem with trade wars they snowball and get to the direct consequences of the tariffs and the taxes themselves and then the tit for tat. the retaliation. that's one aspect of it. but they're contagious. we have brexit on the horizon. all of these things snowball around the world. we're so many in recession or teetering on it and the storms are washing up in on our shores....