i know you were down at amelia island with the atlanta fed hearing from feta facial's.eds saying they were trying goingmunicate what was on. jason: i did hear when i was down there. very much wants to raise rates badly, but the truth is that some of the growth data is not very good. this is a problem. bill dudley, who kind of gave the indication that he would like to raise rates maybe in june, also spoke about the need for the fed to push banks to .aise some of their reserves if you are pushing banks to raise their reserves, that is trapping liquidity at the same time you are raising rates, and all of this is just going to slow growth more our baseline scenarios that we will have a u.s. recession starting in the order corner of this year and into next year. you mentioned the concern about debt in the energy sector. in your latest note, you were flagging something called the share of national credits review. for those of us not familiar with it, what is it and what are you seeing in that document? jason: it is really interesting. and it was wildly ignored. fall when thel