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The Trean Group’s Scott Shellady argues the president won’t enact any big financial changes.
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-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It's -- -- outside back thank you very much and I'm gonna use a weapon not available for credit now that what's your reaction Europe commodities -- -- I want your financial reaction.
To the reelection of President Obama -- Well you know what it's going to be more of the same we're gonna have that uncertainty that this book is still going to be there I don't see -- but any good -- -- all along -- How would like to describe the election last night was this you know we have been locked -- the trunk of Obama's car for so long.
When he finally it came to open up we weren't -- anymore we were described seal.
Itself that is what we're gonna -- that was a result of last night.
Going forward not gonna see any real big chain is an -- -- -- -- you know financial and real money towards -- market gonna change anything right away.
But we definitely have a bigger chance of going back and recession.
Okay is that any asset class that's gonna do well in a second Obama -- I'm thinking gold may be a ticket treasury securities some important.
Or about -- before but you've got to -- your swagger on now.
-- silver why are gold.
Energy and real estate are because you think is inflation yes those are things are gonna really benefit I think anything hurts me drop underfoot is gonna go up and belly syllable wine on -- gold gold energy and real estate -- wind up yes.
Others the hard tangible assets right and you think that inflation is coming why what what about a second about up Obama told the gives -- -- -- what as well.
You know what I used to think that we were gonna run out of money but as long as the red ink as -- -- got paper that's not gonna stop the government's told you need to be buying -- stay with what they're -- with the west QE3.
We're not gonna have -- -- any end of QE that's gonna continue to go on we're gonna keep spending money.
And we don't have -- you know solution the solution that the talk -- in Europe is this.
Kick the can on the road we'll kick -- broaden the State's fiscal Q week.
So we're both saying the same thing we just use use different terms the only way out of this is some sort of technological or energy revolution.
Boss President Obama will keep printed he wants -- to -- absolutely -- there's no stopping insight and I but he prince until he's out of office.
I'm he's gonna leave I believe he's leaves at the end system Ben Bernanke -- is -- the talk yes and I also think that.
I think Obama open to interpret it as long as he's office I don't think that's gonna suddenly time soon we're -- tenure problem our hands.
So Goldman's lot of sense to me -- -- think that technology -- the energy revolution it strikes a chord with me because a lot of the big money managers I've been talking to after the election.
Have been saying the same thing in the form of natural gas could lead us out.
No Jack Welch -- been saying that to all I'm saying is this.
We don't see an end this any -- soon so we're depressants -- CNN but that and it's true growth not fake growth not throwing money at the stock market.
And as long as we don't have that true growth that Q he's gonna continue.
But true growth is gonna be something bigger than we can imagine right here this table -- -- be bigger than the Internet -- we just don't know what it is.
Natural gas could be yet but we're gonna need something that really elevates a little solace who's third rulers and one insight.
You know what the stuff that many of our viewers who join us on FaceBook and email was you know that -- -- -- the what they're demanding right now.
And I put this jacket.
Well with the camera me for a second.
Not gonna do it.
Would be prudent but it looks good on years ago I gotta go right to your real genuine -- -- -- -- -- culturally if on the other day.
You you cattle -- we've got we've got we have to we -- -- -- -- when I was -- -- -- -- just have -- And we also have corn and soybeans so.
-- know it's like to get out there could just noticed -- shifted the subject yeah methodically very good -- but thanks for the -- it was all right to have you -- -- -- -- okay panacea.
