Donald Trump’s billionaire neighbor knows what will kill the stock market

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Jeff Greene, a billionaire real estate mogul, says he knows what will upend a stock market rally that’s entering its ninth year: Higher interest rates and fiscal policy.

“The inaction of anything in Washington, when there was virtually no fiscal policy—nothing getting done—meant that the only game in town was the [Federal Reserve],” Greene told CNBC during a Monday interview. He said the Fed’s policy has translated into at- or near-zero-interest rate policies and $4.5 trillion on its balance sheet over the last seven or eight years. “That unleashes jungle animal spirits,” he said.

Greene, who has said he lives two doors down from President Donald Trump’s residence in Palm Beach, Fla., and is a member of the president’s resort at Mar-a-Lago, said higher rates and fiscal-policy promises by the GOP leader threaten to undo the market’s bullish advance.

Jeff Greene, a billionaire real estate mogul, says he knows what will upend a stock market rally that’s entering its ninth year: Higher interest rates and fiscal policy.

“The inaction of anything in Washington, when there was virtually no fiscal policy—nothing getting done—meant that the only game in town was the [Federal Reserve],” Greene told CNBC during a Monday interview. He said the Fed’s policy has translated into at or near-zero-interest rate policies and $4.5 trillion on its balance sheet over the last seven or eight years. “That unleashes jungle animal spirits,” he said.

Greene, who has said he lives two doors down from President Donald Trump’s residence in Palm Beach, Fla., and is a member of the president’s resort at Mar-a-Lago, said higher rates and fiscal-policy promises by the GOP leader threaten to undo the market’s bullish advance.

What do you think, Is Jeff Greene correct about Donald Trump and the stock market?

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Maggi Ferguson
Maggi Ferguson, Is the current owner of RobbiesBlog.com part of the 88 Holdings Group of Companies and Websites.

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