david: we are here with alessio de longis, as well.back to the demand question. .e conduct about china cpi takes back up slightly. where will the demand come from? global demand? is it china keeping it going, u.s. consumers? >> that is the biggest obstacle to this plan working. i do not think this will get you to 2% inflation because the demand side, in terms of economic growth and demand for funds is not there. you have global and debt overhang problems. it is not just in the eurozone. it is also in china and the u.s. i think you need global, coordinated fiscal expansion to create a demand for funds, the willingness to borrow. the governments have to come in and compensate for the funds that the private sector does not want to borrow. stephanie: what should janet yellen do? >> she is going the other way. basically, here is how you get rates up. coordinate a fiscal policy, and we governments around the world will compete for money. .hat will boost rates up i do not think that that is the right thing. i think janet yellen does not need