Are We Going to Have a Recession?

Growth in the US is like down two next year, and Europe's down three. So it's not 2008, but that's our high. Interest rates rise. You start to see it in the interest rate, important sectors. That's hitting as hard as it ever has. And you start seeing the bubbles at the extreme collapse, and then that keeps moving towards the center,. All that money getting burnt in those money-burning engines were somebody else's profits.