So, if the global economy tanks in 2016, what will Fed Head Janet Yellen do then? Pento contends, “It doesn’t change the intractable motion towards a recession. So, she’s going to have to take back that interest rate hike. She goes back into QE sometime in 2016. . . . I think the U.S. dollar is really in jeopardy here because the ‘dot plots’ say we are going to be at 1.5%, and I don’t think we ever get there without completely flattening out the yield curve and sending the U.S. economy into a depression.