Views of 2014: Michael Pento, founder of Pento Portfolio Strategies: Disappointingly, it is much more probable that the government has brought us out of the Great Recession, only to set us up for the Greater Depression, which lies just on the other side of interest rate normalization. -Boston University Economics Professor Laurence Kotlikoff: Eventually somebody recognizes this and starts dumping the bonds, and interest rates go up, and inflation takes off, and were off to the races. -Mexican Billionaire Hugo Salinas Price: I think we are going to see a series of bankruptcies. I think the rise in interest rates is the fatal sign which is going to ignite a derivatives crisis. This is going to bring down the derivatives system (and the financial system).
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