t -- thereill is still huge overcapacity to address.e they got the stomach to employ millions of people, or can they find alternative arms of employment? -- forms of employment? >> they are managing the slowdown very well. this rebalancing of the economy started last year, three or four years ago, and now it is more painful because they're seeing negative investment growth. there is higher risk that might -- that we might see something go wrong, and that manages very well. over monthsag it and years, that could actually lead to a rebalancing, and i youk we can see that if look at employment growth and job creation, it is heading in the right direction. the demographics are changing, they don't need as much new chops going forward as they have in the past. angie: so should we be looking more to social services? the government is obviously trying to do reforms, and with the yen, as well, there is not much clarity. >> i would disagree. a lot of hedge funds are basically taking a short position within cnh and cny. we're actually stronger to

. >> thereill be disagreement, there will also be practical ncerns which we've heard from the infrastructure in cuba is so old. how can it withstand mlre tourists, big hotels? the plumbing. >> the cruise ships coming in all at one time. it is a huge question whether the cuban infrastructure, the cuban economy and the cuban people are ready for so many change. >> these visual are just amazing, just watching the president traveling like that. you wouldn't see that in the united states. the president would just greet people walking across a road. doesn't seem like secret service is anywhere near them and the way the cwds of press swarmed him and senator john kerry for those pictures, it is a different country and a different way of doing things. >> he is walking -- excuse me, jane. he is walking up the stairs here on the red carpet into the plaza de la revolucion which is the principal government building going t meet with raul castro. >> this is really unprecedented. this is not only the government building, but this is really the seat of the communist party in cuba, and so here's premature wa