I believe the Federal Reserve's Policy of Higher Interest Rates will create a recession. This is principally due to the high leverage in the financial system. After over a decade of radically low-interest rates, corporations capitalized their balance sheets by borrowing.

I believe the Federal Reserve's Policy of Higher Interest Rates will create a recession. This is principally due to the high leverage in the financial system. After over a decade of radically low-interest rates, corporations capitalized their balance sheets by borrowing.

As a country, the United States will have to make some significant adjustments in how we operate financially. That's the bad news, the good news is that we can do it, but it will take firm leadership on Wall Street and Washington and a willingness by the average American to make sacrifices.

As a country, the United States will have to make some significant adjustments in how we operate financially. That's the bad news, the good news is that we can do it, but it will take firm leadership on Wall Street and Washington and a willingness by the average American to make sacrifices.

As a country, the United States will have to make some significant adjustments in how we operate financially. That's the bad news, the good news is that we can do it, but it will take firm leadership on Wall Street and Washington and a willingness by the average American to make sacrifices.

As a country, the United States will have to make some significant adjustments in how we operate financially. That's the bad news, the good news is that we can do it, but it will take firm leadership on Wall Street and Washington and a willingness by the average American to make sacrifices.

Dent would ultimately turn the tables on Nixon's vision. China would not become America's colony. Instead, America would nearly become China's colony.

Dent would ultimately turn the tables on Nixon's vision. China would not become America's colony. Instead, America would nearly become China's colony.

Dent would ultimately turn the tables on Nixon's vision. China would not become America's colony. Instead, America would nearly become China's colony.

Dent would ultimately turn the tables on Nixon's vision. China would not become America's colony. Instead, America would nearly become China's colony.