i guess we should do the markets with christopher grisanti.fed meeting and the druckenmiller essay in the wall street journal. grisantis christopher and also with us is gideon rose on international relations. he is doing a lot of economics. let us look at the essay. a former fed governor. this is something. i want to emphasize that. no ocean's large enough to inflate the u.s. economy from slowdowns abroad. the new fed leadership team for this is -- faces the most difficult challenge since ben bernanke confronted the shock. this is a time for choosing. canelieve the u.s. economy sustain performance next year but it can ill afford a policy error. clarida joined us and he said it is a solid economy. is that the backdrop for this meeting? christopher: i think it is. we are getting what we hoped for. tom: it is a real debate. christopher: it is but it is also a real recovery. we have got 10 year yields back to 3.75%. we are growing into where we ought to be. that is a frightening point. the growth will not stop on a dime. much of this, whether it i