Detailed text transcripts for TV channel - CNN - 20180209:14:30:00
Think how terrible 2008 was. the first correction in a couple years for stocks because there's a new reality setting in, that artificially low interest rates are gone and interest rates are going to start to rise. in part because the economy is so strong. there's fear of inflation for the first time in a long time, and the fed is raising interest rates. ironically you now have trillion dollar deficits that you have to raise money for. the bond market is telling us these deficits are something that are going to mean higher interest rates are necessary. that's how it feeds on itself. you have a ...