what morgan stanley actually said is last week they told heir clients sell azian.ngs growth may be at risk. at these current evaluations given the uncertainty, risk-reward may not be there to bid this market back up. let me throw this forth a little bit more, and this comes down to how the next government handles the budget. it is not sexy, but it is essential. this part that you see right here is a shrinking budget receive sit from about 4% of g.d.p. to 1.5 to 2%. this is also a growing economy. in other words, this outgoing government has kept finances under control. they have been prudent. they have been criticized for underspending, but it has worked in this sense, and now the country has investment grade rating. rishaad: staying with the philippines, one of the challenges faced by the next president, we will talk about that. what is the general feeling? well, fill pinos have spoken. they have voted for a change, despite an economy that has been growing at 6:00% over the past six years. it has been named a rising tiger. it is just not enough. let's put things i