>> go to 50,000 feet. you can see there is a disconnect between political dysfunction around the world. certainly in europe, too, not just in the united states, and national security issues looming, crises in ways we haven't seen for a very long time, and yet every single investor will tell you this is a great time to economically -- at what point does that disconnect come back to haunt us or doesn't it? can we carry on operating where stock markets keep rising, unemployment keeps falling and have political insecurity, not just american insecurity but global political insecurity? >> rich, used hear, lost two years of the obama administration. everything is poised to take off. but it wouldn't. trump's election, and whatever the animal spirit is, boom, it's here. >> so it's luck in that he inheritsed an economy that was in pretty good shape. not like obama inheriting an economy cratering after a financial crisis but more than luck and that policy matters. the expectation of the market in