Hoadley describes the economic crisis of the late 1970s, outlining the factors (particularly inflation, petroleum prices, and interest rates) contributing to the country's economic decline in the last decade. He views the new year and the upcoming 1980 presidential election as a turning point for the country and advocates a positive outlook for the American people in the new year.

Hoadley's biography includes: Executive vice president and chief economist, Bank of America NT&SA, San Francisco, 1968-81; senior research fellow, Hoover Institution, 1981-2003; president, Commonwealth Club of California, 1987; author, "Looking Behind the Crystal Ball," 1988.