Volume 34, Number 10 · June 11, 1987
On the Brink
By Felix G. Rohatyn
The United States today is headed for a financial and economic crisis. What appeared to be only a possibility five or six years ago became a probability more recently, and has now become a virtual certainty. The only real questions are when and how. In addition, when the crisis occurs, it will entail, quite possibly, a worldwide recession. How can such a statement be made when the Dow Jones index is at 2300 and unemployment has edged further and further down?
Feature, 3624 words
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