QUEST’s Top 7 Quality Spring Break Plans

Two weeks ago, we were attempting to stay warm indoors with a hot cup of cocoa on a chilly snow day. It’s hard to believe that we have already reached 60-degree weather, which can only mean one thing – spring break is coming!! And with midterms and the pressure of QUEST projects upon us, we are definitely ready for it. Take a mental break to read about seven of your fellow QUESTees’ *quality* spring break destinations:

1. Outdoor excursion in Arizona

Andrew Jones, an Aerospace Engineering major from Q26, is taking a class through the Science and Global Change Scholars Program. The GEOL288A course, called “Field Geology: The Natural History and Astronomy of Arizona,” is a ten-day hands-on excursion exploring the diverse geology, zoology, botany, astronomy, and archaeology of the breathtaking state. Some highlights include visiting the Grand Canyon, Chiricahua National Monument, and the Sunset Crater.

2. Road trip to Myrtle Beach

Some are opting for a more “traditional spring break” and heading to the beach. Q22 seniors Ben Hsieh, Dan Levine, Sarah Niezelski, Brogan Sheehey, and Chris Yeager (formerly known as 390H Team Sync) are taking a fun road trip to Myrtle Beach. Although Ben wanted to go the extra mile and drive down to Florida, Myrtle Beach sounds like a fierce competitor to the beaches of the Sunshine State. In addition to soaking up the rays, the 390H dream team will also be stopping by Charleston, Greenville, and the Great Smoky Mountains bordering North Carolina and Tennessee.

3. Spontaneous getaway to Iceland

If you thought spring break was all about warm weather, you thought wrong – Dominick Montero (Q24) will be flying all the way to Iceland. “My friends and I had been joking about going to colder places for the spring, and I brought up that we could try to go see the Northern Lights,” Dominick remarked. In addition to gazing at the Aurora Borealis, Dominick and his two friends will be driving along the coastline, hiking on glaciers and volcanoes, riding ATVs, and taking in the spectacular raw landscapes of the country.

4. Environmental conservation service in the Chesapeake Bay

Uva Dayalan, a junior majoring in Bioengineering also from Q24, will be staying a bit closer to home this spring break, but not to catch up on her Netflix shows. Uva is an Experience Leader for Alternative Breaks, a University-sponsored service-learning program that offers students the opportunity to engage in community service during school breaks. She is leading the Chesapeake Bay team in a service experience focused on environmental conservation. In collaboration with the Chesapeake Bay Foundation (CBF), Uva and her team will be helping out with tree plantings in Clagett Farm and a CBF oyster restoration center.

5. Chilly vacation in Montreal

Jacqueline Kwan (Q21) is going up north to Canada. She is visiting a friend of hers who attends McGill University in Montreal and some other friends she met on a study abroad trip and through her internship at Ernst & Young. Although she’ll be bundled up to avoid the frostbite, Jacqueline is excited to check out the main tourist attractions like Parc du Mont-Royal and the Old Port of Montreal.

6. Terp Pride in Indianapolis

For the die-hard Maryland basketball fans out there, Sydney Tommins from Q24 is going all out during her spring break. Sydney and her dad will be traveling to Indianapolis for the 2016 Big Ten Men’s Basketball Tournament at Bankers Life Fieldhouse. “I’m going because I love Maryland basketball and my dad and I wanted a nice father-daughter trip since I don’t get to see him as much during the school year,” Sydney explained. The tournament will take place from March 9th-13th.

7. QUEST in Silicon Valley

And finally, some QUESTees are so committed to the program that they devote even their spring break to all things QUEST. Michael George (Q23) is one of them. As a Computer Science major, Michael has always been particularly interested in QUEST’s Silicon Valley course (BMGT438G/ENES489Q: Design and Innovation in Silicon Valley) because it is “an opportunity to go to a place where technology and innovation thrives.” Michael especially looks forward to visiting Google, Twitter, and Facebook and is also hoping to stop by the California-native In-N-Out Burger.

Another Step Towards the AI Takeover

In regards to artificial intelligence, noted billionaire, entrepreneur and technology pioneer Elon Musk has said, “…we are summoning the demon”. Musk, an investor in artificial intelligence, believes it to be our species greatest existential threat.

One QUEST student bent on accelerating the pace of our demise is Steven Gresh, a senior mechanical engineering major and computer science minor in Cohort 22. In his mechanical engineering capstone (ENME440), Steven worked on teaching a computer to play (and win) rock, paper, scissors against a human player using machine learning.

Using a Java-based coding language and Microsoft Kinect, Steven was able to train the computer to identify when a player is playing rock, paper, or scissors, and over multiple games, to recognize and predict player tendencies and strategies in order to defeat them at a roughly 60% win rate. While it may seem like only a game of chance, Steven’s efforts represent the growing capability of machines to learn, recognize, and analyze data, and retrain themselves to perform complex tasks. Perhaps one day, QUEST students like Steven will be designing sentient robots in 190H!Steven-Gresh-Handout (1)

 

 

IBM/Total Quality Program 90s Flashback

Current QUEST students proudly identify as “90s kids” – the great age of The Fresh Prince of Bel-Air, Beanie Babies, and Gushers candy. However, now approaching the program’s 25th anniversary in 2017, QUEST also has its humble beginnings in the 90s. In fact, back then QUEST was not called QUEST – it was known as the IBM Total Quality Program (IBM/TQ). In 1992, IBM launched an exciting opportunity, offering grants to colleges nationwide to start an undergraduate multidisciplinary program. And thus TQ/IBM at the University of Maryland was born – with its first cohort of students in 1993. Although the program initially was funded for five years, after the fifth year drew to a close, the University decided to keep the program due to its success, changing the name to Quality Enhancement Systems and Teams.

It might be hard to imagine the program back in the 90s, but there is no doubt that the spirit of QUEST is something shared even then and now.

The following video features students from Q5 at their QUEST Orientation in 1997:

This video is a segment on the IBM/TQ Program from the Maryland State of Mind in 1998:

We reached out to Brian Bender, a Q5 alumnus who graduated in Spring 2000 with an undergraduate degree in Accounting. Brian attended the QUEST Orientation featured above and remembers the filming of this video. He currently works at Crown Agents USA as a Senior Finance Manager. Brian shared his insights and takeaways from his time in the program:

Q: What were some of the main takeaways or lessons learned during your time in the QUEST Program, then known as the IBM Total Quality Program?

A: Working in a team environment. And even more important was the ability to work with people that may not think in the same manner as you do. Everyone brings their own set of skills and experiences to your team and project.

Q: What is your favorite memory from the IBM Total Quality Program?

A: My senior 490H project was revamping the flex straw made by Sweetheart Cup Company. We made several site visits and worked extremely hard to analyze their processes and revamp the engineering of the straws to save the company money. Working with a real world company, in a real world environment, set the stage for my career.

Q: How did the program help you in your career path?

A:  I spent 12 years doing consulting for government contractors before moving to an internal position. All of my consulting projects consisted of working with new sets of client personnel to solve a unique problem. Most of the projects required working in a team setting to get the job done. While there is more of a hierarchy structure in the real world environment, the challenges of a team still exist (planning time to meet, communication issues, etc.). Also, being able to analyze a problem from multiple angles was another thing I took away from the QUEST program. Understanding that there are costs, people, and different industries who all play a part in determining how you attack a problem. Some of the analytics come in to play as well, such as SWOT analyses and the use of Gantt charts.

Thanks to Brian for sharing his Cohort 5 memories! If any other alumni would like to share their memories from these videos, please reach out to us at questumd@gmail.com!

11 Reasons We’re Thankful for QUEST

With Thanksgiving break finally right around the corner, there’s a sense of community and relief as we finish up with our midterm exams. Although many of us are feeling the pressure from our QUEST projects, take a moment to read these 11 reasons why at the end of it all, QUEST is 110% completely worth it:

1. Innovative classes

How many of your (non-QUEST) friends can say that as sophomores they have invented a product and designed an app in the course of a semester? Or graduate having worked on an actual consulting project for a real client in a multidisciplinary team? Or have even had the chance to travel to the tech hub of Silicon Valley for a class? QUEST courses make us think outside the box – and let’s be honest, it’s a breath of fresh air from sitting in 1 hour and 15 minute lectures all day.

Spring 2015 QUEST Course Design and Innovation in Silicon Valley

Spring 2015 QUEST Course Design and Innovation in Silicon Valley

2. Faculty and staff who work hard to help us succeed

Pictured (left to right): Jessica Macklin, Kylie King, Emily Kelly, Dr. Pamela Armstrong, Dr. Gerald Suarez, Dr. James Purtilo, & Dr. Jeffrey Hermann

Pictured (left to right): Jessica Macklin, Kylie King, Emily Kelly, Dr. Pamela Armstrong, Dr. Gerald Suarez, Dr. James Purtilo, & Dr. Jeffrey Herrmann

QUEST wouldn’t be the program that it is today without the faculty and staff that continually search for ways to improve the program to make it the best that it can be. If we ever have a question or even just want to talk about our day, the Quality Guild’s doors are always open. Our professors inspire us to innovate and challenge us to look for areas of opportunity. Being able to form close relationships with QUEST faculty and staff truly makes the program that much more special.

3. QUEST Camp

2015 QUEST Camp

QUEST student on the high ropes course during QUEST Camp of August 2015

Ah, the good ol’ days at QUEST Camp. Admittedly, these two special days for the new QUESTees are undeniably awkward (on the high ropes course, we probably at one point all thought “what did I get myself into?”), but you have to admit orientation was a fun time. In fact, QUEST Camp is so fun that some students return for a second time as mentors.

4. Awesome corporate partners

Corporate Partners

A huge part of QUEST is the professional development aspect. With the help of our corporate partners, whether through sponsoring a capstone project, a program event, or the QUEST Lab, we are able to apply our skills and knowledge in a professional setting. And it doesn’t hurt that many of our corporate partners provide free goodies and food.

5. Expanding alumni network

Student/Alumni Dinner

Spring 2015 QUEST Student/Alumni Dinner at Ledo’s Restaurant

There’s a reason that we say “the QUEST never ends.” Students have access to an extensive alumni network, most of whom are more than happy to share some words of wisdom and give back to the program. And with new initiatives like WiseGuy.com, a collaborative and interactive learning network for college students (started by QUEST alum Jeremy Loya), it’s now easier than ever for students to reach out to QUEST alumni for professional advice.

6. Events beyond the classroom

QSO 2015 BBQ

QSO members Uva Dayalan and Tony Trinh at the Spring 2015 QUEST BBQ

QUEST is more than 17 credits in three years – there are many opportunities beyond the classroom as well. This fall, students attended the first ever Corporate Partners Networking Reception planned by the QUEST Corporate student committee. This QUEST-only event gave students a chance to network with recruiters and QUEST alumni from companies like Deloitte and Google. In addition to professional development events, there are events hosted by the QUEST Student Organization (QSO) to promote community among students, such as QUEST Formal and the End-of-the-Year BBQ.

7. Professional experience

By the end of our three years in the program, QUEST sets us up for the professional world. In BMGT/ENES490H, we essentially are professionals creating recommendations for a client. QUEST committees allow us to apply our talents and knowledge to improve the program. Teaching assistantships and mentorships offer students the chance to apply the knowledge they have learned in an instructional setting. These are just some experiences that not only look great on a resume, but create well-rounded students ready to enter the working world post-graduation.

8. Late nights working on group projects

Yes, those sleepless nights working on group projects that we definitely did not procrastinate on are the very nights that brought our teams closer together. Some of our best ideas come from those sleep-deprived team meetings. Even though we might not be thankful for these nights right now, after killer presentations and the successful conclusion of our projects, a couple missed hours of sleep don’t seem so bad after all.

9. QUEST Conference

Spring 2015 QUEST Conference

Outstanding Capstone Award team HAAT Consulting presenting their BMGT/ENES490H project for CFR at the Spring 2015 QUEST Conference

BMGT/ENES490H students showcase all the hard work they have put in during the semester at the biannual QUEST Conference. Being able to learn about the innovative solutions and recommendations from QUEST students is pretty amazing.

10. Having a QUEST family

QUEST Graduates

Some of the QUEST Graduating Seniors of 2015

At the end of the day, QUEST is a family. From QUEST Camp to graduation, there will be bonds made with our cohorts, faculty, alumni, and staff that will never be broken. The connections we form and the lessons we learn are formed and learned together – truly making QUEST a quality program.

11. And how could we forget, free printing

Free printing for college students? Count me in, please!

The Relationship Between Sisyphus, Camus, and Hackathons

The relationship between Sisyphus, Camus, and Hackathons

By Tochi Eni-Kaul

Greek mythology tells us the story of Sisyphus, a former king of Corinth who was condemned by the gods to an eternity of physical and emotional torture. His punishment? Pushing up a large boulder up a hill every single day, only for that boulder to roll back down to the hill when the task was seemingly completed.
Only fools and theoretical physicists would envy the nature of his punishment. He toiled away under the scorching heat of the sun daily, directing his efforts towards the achievement of a single goal; a goal which, by the decree of the gods, was unattainable. Surely, Sisyphus must have been an unhappy man. But was he?
In 1942, a certain man named Albert Camus wrote an essay, “The Myth of Sisyphus,” in which he dismissed the theory of a glum Sisyphus. Mr. Camus, who happened to be a Nobel laureate, argued that the mythological figure was indeed a happy man. Why? Because “the struggle itself…is enough to fill a man’s heart.” In layman terms, Camus was essentially saying that joy is derived from the process of doing.
What, then, do Greek mythology and the opinion of a Nobel laureate have to do with hacking and hackathons?
A lot of the code you write at a hackathon would probably not end up in the final iteration of your hack. Your hardware hack, at times, might begin to resemble an exercise in futility. Participating in a hackathon can seem like a sisyphean undertaking, especially to novices with sparse or no programming experience. This, I believe, is why many non-coders I have spoken to have been apprehensive about going to hackathons. Myths surrounding hackathons have disseminated fallacies about insurmountable challenges requiring herculean feats of heroism (in this case, awesome coding skills) in order to succeed. Despite the explosion in the popularity of hackathons in the last half-decade, a lot of people out there still believe that hackathons are competitive events for code monkeys. According to their logic, the absence of coding ability is a barrier to participation. A hackathon attendee without coding skills is an embarrassment, and thus, has no “shot at victory.”
The very existence of these myths points towards a sizeable problem: a fundamental misunderstanding of why people hack.
The most important takeaway from any hackathon should be the experience of participating in one. Any seasoned veteran would tell you that, in retrospect, you would cherish the long hours spent working on your project and the joy of meeting hackers from other schools more than any success which your project may enjoy. Yes, prizes are handed out at the end of most hackathons, and, yes, some team would walk away with “Best Hack” and a few thousand bucks. That said, no one really cares, nor should you (unless you’re a megalomaniac). Hackers hack for the sake of hacking. It is “the struggle” of cranking out a project that makes hackathon attendance worthwhile, not the acclaim or prizes which a hack may receive.
Anyone can go to a hackathon. You don’t need to be GeoHot, nor do you need to know that Ruby is actually a programming language. If you don’t know anything about code, you will learn all you need to know about code there, but only if you want to. Purists will argue that a hackathon is a more effective way of learning how to program than sitting in a dull, dreary classroom; many will wholeheartedly agree. For someone without a programming background, a first hackathon can be a nervy affair. Learning a programming language in a faced paced environment and using that newly acquired knowledge to make a hack can be challenging, but that doesn’t mean that it’s impossible. After all, everything is hard before it becomes easy.
If you’re still dithering about going to a hackathon, you should probably come to Bitcamp. You’ve missed out on a lot already. Don’t miss out on more.

Winter Reading List from The Quality Guild

 

Winter Reading

           Often, the pleasure of picking up a good book seems just out of reach. September through November our schedules are packed with classes, meetings, and a long list of other obligations. However, during the holiday season we often find time to pick up our favorite novel or explore the pages of an acclaimed bestseller. Indeed, books are a rare treat from the chaos of everyday life. So while we still have the opportunity, I figured it was about time that QUESTPress published a winter reading list with selections from our very own Quality Guild.

           We have selections from Dr. Herrmann, Dr. Bailey, and Kylie in this article, with a brief description of why they chose their book below:

Dr. Herrmann
“Engineers of Victory: The Problem Solvers who Turned the Tide in the Second World War” by Paul Kennedy

This book is about operations researchers, engineers, and political and military leaders who solved extremely important logistical and technical problems to help defeat the Axis powers in World War II. It discusses protecting convoys, winning control of the air, stopping the blitzkrieg, amphibious landings, and deciding how to regain the vast Pacific. The solutions combined technological, logistical, and organizational innovations. It covers the difficult decisions that were made and gives enough historical background to understand why the problem was important and difficult. I chose it because studying cases of decision-making and problem-solving in the past can help us design systems and improve processes today.

Dr. Bailey
“Creative Confidence” by Tom & David Kelley

This book was given to me by Grace Zhang earlier this semester and I really enjoyed it! Students may know one of my favorite sayings, “while it is easier to criticize than to create, you should create anyway.” Well, this book is great because it describes how every one of us is creative and we shouldn’t just leave the creative arts up to “artists.” If we don’t think we’re creative, it might just be because we haven’t found our best medium. For QUEST students, our medium may be money, numbers, material, or code. While these media are quite different than canvas and plaster, they are still the elements of creativity that we can use every day to express our inner creative “artist.”

Kylie Goodell
“The Happiness Hypothesis” by Jonathan Haidt

This book combines information from a number of areas of research in an interesting and meaningful way. It is witty, insightful, and not too “fluffy”. Reading The Happiness Hypothesis can help you to center yourself after, or in the midst of, the craziness of finals and the holidays!

Scoping: An Investigative Report

Scoping

 images (8)

        “Scoping” (BMGT438D) is one of QUEST’s most sought after courses.  Otherwise known as Developing Business Relationships and Scoping the Consulting Project, in the course students “craft a well-written, clear, and technically precise project scope” for QUEST’s Consulting and Innovation Practicum course (BMGT490). The project scope includes a project summary, list of primary project objectives, list of proposed project benefits, and overview of primary project deliverables.

        “Scoping is important [because] you have a firsthand impact on QUEST’s future,” says Scoping Teaching Assistant Max Cooper.  In addition to completing a project scope for a future senior capstone project, students also develop valuable communication skills.  These communication skills are highlighted when students meet with potential corporate sponsors to pitch them the benefits of QUEST.  “Students get to practice presentation skills through ‘selling’ QUEST to interested potential clients,” according to Cooper.  Scoping members act as the face of QUEST for these corporate partners; it is their responsibility to create a positive experience for these companies so that the both the partnership and the senior consulting project go on without incident.

       Almost equally as valuable as the communication skills they develop, students also cultivate their network during Scoping, frequently interacting with QUEST alumni and potential business partners.  These relationships become more and more valuable as current QUEST students begin to search for internships and jobs.  For students, a robust network of professional individuals is vital in the often confusing and competitive job/internship search.

        On October 18th the Scoping visited W.L. Gore and Associates to assess its viability of a senior consulting project.  In addition to Gore, students have also gone on site visits to McCormick, Toyota, Johnson and Johnson, Under Armour, Black and Decker, and Unilever.  “Students get to meet alumni from cohorts 1 through 20 on site visits,” says to Cooper.

After visiting Gore, scoping students were encouraged to apply for internships there.  Cooper says, “Gore told us to apply for internships, they wanted us.”  This experience is not dissimilar to other site visits in the past; almost all companies that QUEST deals want students to apply for internships and/or jobs after they graduate in part because of the communication and networking skills that are developed during Scoping.

Scoping is one of the most dynamic QUEST classes offered.  Students learn professional communication skills, network with employees at some of the world’s most innovative companies, and scope potential capstone projects.  Whether you’re a student, alumni, or corporate sponsor getting involved with Scoping is a no brainer!

The Mentors Program– A Testimonial

My_Mentor

April of 2012 I received an email from Aditya Yerramilli (Q14), mentioning a QUEST Mentors Program that I remotely remembered signing up for. A gung ho sophomore ready to break into the professional arena, I responded immediately. The exchange that would follow has lasted for over a year now, and developed into an awesome mentorship.

Whether speaking through email, phone, text, or, most preferably, in person, Aditya and myself have been able to maintain a relationship despite departures from the continent and the chaos of scholastic and professional life. Aditya, a professional in PwC’s Forensic Services practice, has shared more than a few insights that I’ve come to highly value. And myself, well I like to think that I’ve helped Aditya stay hip as his time as an undergrad slips farther away.

However, the purpose of this article is not to tell you about my awesome mentor and myself. Rather, the goal is to inform you about the awesome Mentors Program. So I asked Aditya a few questions about the program, and his answers are below.

1)What have you enjoyed most about the Mentors Program?

Being able to stay connected with smith and helping quest students in an advisory capacity. I also enjoy getting to know our current student body.

2)What is QAB’s vision for the Mentors Program?

We want an increasing number of students to leverage the alumni network in their career and personal development. We also want to encourage alumni to stay connected with QUEST and believe mentoring the younger generation is a form of giving back to the program.

3)What would you like QUEST students to get out of the program?

A better perspective on the industries or job function that they want to pursue after graduation. They can learn more about interview prep, daily responsibilities, or the latest industry trends. Learning outside the classroom is just as an effective method of gaining information. Also maintaining a mentoring relationship will allow them to practice some of the skills needed in the workplace (networking, professional communication, goal setting, etc)

4)What would you like QUEST alumni to get out of the program?

We want alumni to stay connected with QUEST. By serving as a mentor we want them to reflect on their professional and personal progression and share some of the lessons learned. We want alumni to have an easy way to give back to Smith, and perhaps find potential candidates for future careers.

So there you have it. Make sure to get involved and take the survey (MentorSurvey Link) by 11/8/13.

The CHESSLab

download

First, the entrance to the Quest Lab was embellished with pink foam hearts no doubt a bashful sign of affection for our lovely students and faculty. Then, there was a period where our abode was graced with the name of a 1985 hip hop group (stop me if you’ve heard their hit single Can I kick it?). Now, we’re in the age of the Chess-Lab. Aditya Sridhar (Q19), with a single surreptitious move, welcomed the latest craze that’s swept our Quest community. By introducing a simple wooden chess set to the lab, he’s punctuated the relaxed study and lounging atmosphere with brief bouts of competition.

I was propositioned as soon as I walked in.

“DJ, how about a game?” There’s a pause as we size each other up. I take a look at the impromptu score board that is now as much a focal point as the board in his hands. Mark’s record is impressive. “Looks like you’re pretty good, Mark,” I say. He offers a ready smile, “I get better with every game” – a quality riposte. It’s a common trend among Quest students, they are modest in words and instead choose to display their bravado on the battlefield. I watch later as Cohort 20 students Pavan Rangachar and Nicole Blahut wage war. The vibe is intense, yet amiable. It’s clear that they’re both enjoying themselves: Pavan caps each move with a smile.

A chat with Cohort 20 junior Yoni reveals that he once had his chess experience on his college resume. “It was my very first leadership position, the Chess club.” For more than a week this simple game has started friendly rivalries, spurred animated chats over strategy, and drawn together many in an already close knit community. It’s amazing how so many members from a group as diverse a Quest can share such a unique interest. All we need now is some prize money.

 

Written by,

Daniel-Jason Minzie

Philosopher

Q20

Sell in May and Go Away (Full Article)

Global Deleveraging During the Great Rotation

By: Pavan Rangachar

April 2013

 

What is a deleveraging?  The term refers to countries reducing their debt-to-income ratios when they are too high.  A deleveraging is generally accomplished through debt restructurings (writing off some of the country’s debt by saying “Sorry, I can only pay 50% of this”), austerity (raising taxes/cutting public spending), and/or debt monetization (printing money essentially).  All of these methods have different effects on the economy. The United States has been deleveraging for the past few years, and the issue they face is this: how do they pay down the excessive debt without hindering the growth of the economy? So far, the solution has mostly been inflationary measures via quantitative easing (the 2% payroll tax increase post-Fiscal Cliff hardly makes a difference from a deflationary standpoint).  Until the end of 2012, most of these inflationary efforts did not see strong results, as unemployment remained high and business investment/capital spending remained low throughout the year (despite super low interest rates).  Starting in October however, things have started to change.  Firstly, unemployment dipped and stayed below 8%.  Also, as January came to an end, capital spending showed an increase through increase durable goods.  While these occurrences may not be caused entirely by QE, they show that lower interest rates are slowly starting to help drive our economy.  The main question people are now asking is this: since interest rates have been reduced so low to get businesses to invest, have rates finally bottomed out?  That is-when will this “Great Rotation” from bonds into stocks finally begin?   In my opinion, that’s not entirely the right question.  I believe rates will rise regardless because the yield curve is providing a negative real return under a 15 year maturity.  The real question, in my opinion, depends on how long and how high rates are going to rise.  If it took this long for business investment to increase-with super low interest rates-what will happen when rates rise?  Debt is viewed on a completely different level when compared to how it was viewed with Paul Volcker in 1980; 15% 10-year rates can cause Wall Street Analysts to consider a few firms on the brink of bankruptcy just because of an EBITDA Coverage ratio.  The real question, in my opinion, is this: to what point, and how quickly, can interest rates be pushed upwards, before there is a backlash on the economy because businesses do not want to invest at such high rates?  While the US has strong catalysts for growth in the upcoming years (3D printing, natural gas, etc.), there is uncertainty in when and how that growth may occur.  Currently in the US, the economy still has high unemployment of 7.7% (well above the Federal Reserve’s Target of 6.5%) and other tough economic factors, but stock markets are hitting all-time highs.  This is leading many people to think that stocks are currently overvalued-meaning there should ideally be a correction in markets.  In Europe, there has already been heavy austerity, and it is expected that there will be more.  Stock markets have been depressed, and are forecasted to continue to do poorly there as well.  Thus the question becomes, where can we invest if 2 of the world’s most developed economies are deleveraging with uncertainty?  Now may be the time to turn to firms with a strong exposure to emerging markets. This will be topic of my next article, but for now as the saying goes-“Sell in May and Go Away”-for both yourself and your stock portfolio.