Chris Watling, CEO and Chief Market Strategist of Longview Econonomics, says most assets haven't priced in the looming recession, and that the debate is now about what kind of slump is coming. He tells Bloomberg's Stephen Carroll and Lizzy Burden the US unemployment rate could rise as high at 8% next year, and the Federal Reserve is tightening monetary policy "until something breaks".See omnystudio.com/listener for privacy information.