Yesterday the market lost 3.3%, we didn't. Hello, my name is Paul Carroll, I'm the CEO and founder of Efficient Wealth Management. A quick recap, yesterday the S&P 500 lost 3.3%, the euro is up about half percent, which is great because that has offset euro losses for a net of just one percent, an example of the importance of international diversification. In fact, euro denominated bonds rose last year. The president right now is busy busting the feds chops and it's not really fair because the feds job is to control inflation. The problem is when you pour gas on a fire through huge tax cuts, you're going to have inflation if you don't do something and sure enough it's feeding through the economy, the fed has seen the warning indicators and has raised short term interest rates as a result. You can't create wealth overnight and the fed...
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