Obama the village idiot

[Jim in CT]

Originally Posted by MikeD

There has been a bump in equities. Running right off the Obama admin if you want to slap fives. Look at US muni bond market. Big fund groups are selling off US debt. Groups like Goldman. The conflicts are many.

Equities shot up after the election. Let's be honest, OK?

"Big fund groups are selling off US debt"

Interest rates are going to rise. That has nothing to do with Trump. When interest rates rise, the value of bonds goes down.

"Groups like Goldman. The conflicts are many"

Again, you seem to be saying that to avoid conflicts of interest, the Treasury department should be prohibited from hiring people who have any real-world experience in business. I think the last 8 years have shown me, exactly what happens, when you rely on academics who are well-schooled on theory, but have zero practical experience. No thanks.