happen in -- are we missing anything at all a for trouble in 2020? >> i think dan's right, that if it looks like the democrats have an edge and they might actually win, i think the markets are going to be scared. because every single one of those candidates on the stage is talking about higher tax as a way to fix deficit spending and that is not good for growth. paul: kim, how about you? are we missing something in terms of the financial trouble around the horizon that you can see, yo housing or some sectionf the financial industry? >> i think to mary's point about the stock market being spooked, like you said the engine here has been consumers. voters get spooked, do they pull back out of fear of what might be manable to come. that's another thing that could happen as well, based on the democratic nominee. paul: briefly. >> if the fed has to raise rates because we see inflation that could be troubling.