I'm worried about the uppercut that's coming. We have extremely high levels of debt in this country. Our debt service ratios are thus far not that high because interest rates are obscenely and unusually low. When they go up, then governments, households and businesses are going to be hit with that uppercut.
How worried should we be about the interest rate uppercut that is going to hit our overly indebted nation? That question is for both Dr. Cross and Dr. Mintz, please.