A double-digit deficits may occur with or without a recession, says First Eagle's Matthew McLennan

Matthew McLennan, portfolio manager of the First Eagle Global Value Fund, joins 'The Exchange' to discuss fiscal laxity at the peak of the economic cycle, financial stability concerns due to the federal deficit, and equity markets failing to price in risks facing the dollar. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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