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Surveillance: Raising Rates with Citi's Clark

Bloomberg Surveillance

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The Importance of Confidence in Intelligence

The next U.S. president needs defense budget increases in the range of what Ronald Reagan did during his presidency, says CNN's John Defterios. "We've been asleep at the switch for a long time here," he adds. Do you have confidence in our intelligence of China? Or do we make the same misgaging, misguiding that we did with the Soviet Union? We need probably 50 more naval war vessels in our fleet, just to deal with the Pacific, let alone increases for the rest of the world"

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