<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, January 10, 2018 11:40 AM</td></tr><tr><td>To:</td><td>Jonathan Farkas</td></tr><tr><td>Subject:</td><td>Re: Re:</td></tr></table>

no, markets will continue upward. =s000 much cash,

On Wed, Jan 10, 2018 at 6:37 AM, Jonathan Farkas 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 fals= 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 posit=ve wage pressure so it looks like inflation could be real.what do you thin=?if it is a cycle change the markets will have to react ,and the Chinese n=t wanting to invest in our treasuries is an interesting tell best jf

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