jack lewis spoke exclusively with bloomberg markets, asia about the risks he sees ahead.k: historically, the yield curve has been a very stable predictor. it has accurately predicted almost every downturn and i don't believe it has had more than one false positive in terms of predicting a recession when there wasn't one. if you saw an inverted yield curve, you would see people getting quite nervous now. when becauseoment of changing policies, there is going to be stress on spreads and it may not be a normal time in terms of the yield curve being the leading indicator, but i do think it warrants careful attention. it doesn't show a lot of confidence in the long-term when you don't see long-term rates starting to creep up when short-term rates are being forced up by changes in monetary policy. of reasonere is a lot to be nervous about the economy. obviously, we are in the 90 or of a recovery and will probably break a record. >> it is actually one of the longest. jack: i am proud the first seven years of it were on our watch. we did a lot to drive this recovery and i hope it

jack, they are dancing. and the after-dinner entertainment of the literary presentation was made by distinguished actor. sinclair lewis marshal, outlining the marshal plan at harvard university. great bulk of literary presentation that evening was an unpublished work by ernst hummingway, originally they were going to do killers which would have been a terrible choice but it was a presentation that eventually became islands in the stream and published in 1970. a select few after the evening was over were invited up to the yellow room in the private residence. william stiren provided interesting insights into the evening said that -- recounts how when a social aide came up to him to say that the president would like you and mrs. stiren to come to the residence he said that -- [laughter] >> the train is passing. he said -- i knew it. he's after my wife. [laughter] >> well, as it turns out they had a great evening and made plans for sailing with the kennedys in a couple of months. robert frost was there and diane was there. it was a select group of about a dozen people. so i will be glad to talk more about the people that