the volatility in stock markets has caused many people to wonder are we on the brink of another recession? many economists believe we are due for one. the u.s. economy has been growing for 114 months making this nearly the longest expansion in history. many are already in place. my next guest sees that as a big problem, especially when you throw into the mix the current political climate in the world. ray dahlia is founder of the world s largest hedge fund and also the author of the principles for navigating the big debt crises. your concern is we already have a lot of debt and we are in
stacked & intact™ the voluatility in stock markets has caused people to wonder, are we on the brink of another recession? many economists believe we are due for one. the u.s. economy growing for 114 months, making this nearly the longest period of expansion in american history. so will the u.s. be able to ride out the next recession? many of the measures that governments can take to weather these recessions are already in place. my next guest sees that as a big problem. especially when you throw into the mix the current political climate in america and around the world. ray dalu is the founder of bridgewater associates and author of principles for navigating big debt crises. your concern is, we already have a lot of debt. and we are in economic good times. when the times get tougher,
europe are we going to feel the ripples right here in the u.s.? here now to break it down for us brenda butler. we have seen our markets reacting on a minute by minute basis as we see the developments in greece. what are we expecting in reaction to the latest headlines? absolutely. we saw that dramatically on friday when there was optimism that a deal might be reached. wall street the dow just shot up came within 3% of its all time high. so they are watching very closely. now if the europeans take a harder line on greece and it looks like a deal may fall apart we ll see some uncertainty in the markets but it s very important to realize that we re not probably going to feel the impact of this as we incident earlier greek debt crises or in for example the 2008 financial contagion because banks have less exposure to greek debt.
if the debt crises around the world don t have you terrified, a spike in look at this now, violent crime here at home is going to have you really petrify petrified for your life and your wallet too. it s daefl concern. our kids and safety of our neighborhoods. always concerned about crime. very concerned about the crime rising in new york.
president could have done a lot to make the economy better. they could have agreed on budget deals, avoided government shutdowns or threats of debt crises. for those left behind, 2014 may be the year the economy starts working for more americans. it may take a while longer for everyone to be included in this recovery. i think there is now a sense in the markets that the economy has turned a corner. that is precisely what we expect to hear from the president in tonight s state of the union. it is clear the economy has improved. what s also clear, the poll numbers don t show that americans feel like it. no, they don t. christine romans, many thanks. stay tune for the most complete coverage and analysis of the president s state of the union. coverage begins at 7:00 p.m. eastern. you are probably aware of the reports that the nsa is keeping track of your phone calls. guess what? they might also be learning more about you every time you play angry birds on your smartphone