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doc03

(35,512 posts)
4. At the gym today I glanced at CNBC for a couple minutes and another guy walks up and says
Wed Dec 14, 2016, 01:20 AM
Dec 2016

the market is finally taking off since Trump was elected. I asked where he had been for the last 7 1/2 years.
He says not like this. I told him it has gone up 13000 points since the Bush Depression ended. He says you know why,
at that point I just turned my back and walked away. I know what he was going to say because of Quantitative Easing, I have heard that before. That may be true but now it is just because Trump got elected. I think what is fueling it now is the bond market
has lost $2 trillion since the election. People are getting out of the bond market because Trumps tax cuts are going to explode the deficit and raise interest rates, mortgage rates have already increased 60 basis points the last I heard. I think we are inflating the next Wall
Street bubble and there will a implosion sometime next year.

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