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The Tell: Trump’s billionaire neighbor says he knows what will kill stock market’s ‘jungle animal spirits’

Jeff Greene, a billionaire real estate mogul, says he knows what will upend a stock market rally that’s entering its ninth year: Higher interest rates and fiscal policy.

“The inaction of anything in Washington, when there was virtually no fiscal policy—nothing getting done—meant that the only game in town was the [Federal Reserve],” Greene told CNBC during a Monday interview. He said the Fed’s policy has translated into at- or near-zero-interest rate policies and $4.5 trillion on its balance sheet over the last seven or eight years. “That unleashes jungle animal spirits,” he said.

Greene, who has said he lives two doors down from President Donald Trump’s residence in Palm Beach, Fla.

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