From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Jonathan Farkas S> Subject: Re: Date: Wed, 10 Jan 2018 11:31:26 +0000 interest rates have to rise On Wed, Jan 10, 2018 at 6:24 AM, Jonathan Farkas c wrote: Hi Old man i will be down in pb this weekend ,are you there? I am watching the 10 year and this could be a false breakout or lift off i am not sure technology should be keeping inflation down.but the lower end of the work chain construction etc are seeing positive wage pressure so it looks like inflation could be real.what do you think?if it is a cycle change the markets will have to react ,and the Chinese not wanting to invest in our treasuries is an interesting tell best jf please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00915832