investment credit at acrock. great to have you with me.he theme of the week has been low volatility, not just in the equity market, but across assets and the bond market and in fx as well. greg, my question to you with that chart in mind is whether you reconcile low volatility with complacency. do the two things equal? greg: i think there is a bit of both. when you are looking at what is driving some of this, you have a very accommodative monetary policy still in place and the -- in the u.s. and abroad, and that is helping to contribute to this low vol environment we have been seeing. there has also been a lot of expectations around what is going to happen in terms of growth in the economy given regulatory reform, fiscal reform, and things of that nature. i think all of those factors are helping to contribute to this low volatility environment we see on the equity side, the fixed income side, from treasury as well as spread product. oksana: i think when we talk about complacency and the fact that volatility has been low, it is not just a w