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Of more than one rate cut. and yet if you look back over the last couple of weeks, there have been signals of uncertainty, including an extraordinary correction of the head of the new york fed, john williams, by his own staff. so i think there's a possibility that we might get a little bit of a fright if the fed seems to change its mind or disappear points markets. but i broadly agree is that the big story is all the banks are moving on to ease mode. it's as if the great debate of stagnation that larry summers started when he didn't get the fed job has been won and the central banks are saying...

>> think about the america they remember. the ones remember the 1950s are now seniors. they're in the late 60s or 70s or 80s and think about how much the culture has changed since the 1960s. desegregation, the pill, women's rights, civil rights. all happened in the 1960s and '70s. so they're remembering a different world and as you said, it was not a world that was great for everybody, but when trump talks about making great again, he's saying he wants to bring back a by-gone america and that appeals to this largely white generation of voters. voters over 65 or people in this country who are o...