ryan patel is a senior fellow at the school of management at clairmont graduate university and he joins me now from denverlorado. always good to have you with us. >> thanks, rosemary. >> so, deutsche bank has global markets on a knife edge with this prediction of a major u.s. recession on the way, blaming the federal reserve's plan to control inflation with the aggressive rate hikes. but are there other factors at play here? and do you agree with this dire forecast? >> i feel like when you and i get together, we're breaking down this news, it's not always great. deutsche bank was really aggressive to the fed. they went further in the report saying how the last 40 years has failed, hasn't done its job in these type of sessions. in my view deutsche bank was also saying the recession was going to be minor. really, this report is really strictly focusing on the fed's ability to not control inflation. they believe, and they're putting in the report, that they won't be able to get it under control. i also think there's other factors in play here, not just inflation, but also the global economy and the labor rat