Let's say [Donald] Trump wins. Is Congress going to let him build a wall on the Mexican border? I don't think so.

TPP is dead anyway, and similar deals in the eurozone are going nowhere.

We're in a pretty tumultuous world, and there's a lot of uncertainty. Treasurys are where people go as one of the few safe havens in the world.

[Donald Trump] is so unpredictable that foreigners are going to look around and say "boy, we've got to head for the safe havens." And one of the safe havens is Treasurys and [another is] the dollar.

Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too much excess capacity in the world.

The Fed wants to raise rates because they've been yelling and screaming about it. They've been crying wolf for so long that their credibility is shot, and I think they feel they need to.

Let's say [Donald] Trump wins. Is Congress going to let him build a wall on the Mexican border? I don't think so.