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Niall Ferguson, a professor at Harvard University, speaks during a Bloomberg Television interview at the Barclays Asia Forum in Hong Kong, China, on Thursday, Nov. 6, 2014. Ferguson said the U.S. midterm election result was a "terrible indictment" of President Barack Obama and his party. Photographer: Jerome Favre/Bloomberg via Getty Images

Niall Ferguson, a professor at Harvard University, speaks during a Bloomberg Television interview at the Barclays Asia Forum in Hong Kong, China, on Thursday, Nov. 6, 2014. Ferguson said the U.S. midterm election result was a "terrible indictment" of President Barack Obama and his party. Photographer: Jerome Favre/Bloomberg via Getty Images