as bob ruben says, you never know when a bond crisis is going to come. it's not like we're going to get a warning. you're going to wake up one day and suddenly there's going to be a crisis. when is that going to happen? i don't know. >> all kinds of things can happen, right? >> what do you mean all kinds of things? again, paul, you've been predict this for 20 years. >> that's such a tired argument. search for quotes and stuff i said once upon a time -- >> instead of dealing with the issue. >> you said this for 15 years! then you woke up one day and said i was wrong. >> no. >> you said we needed to create a housing bubble to replace the nasdaq bubble. >> come on, you know that i was joking when i said that. >> you were joking? >> yes >> yes, of course. >> so disappointing. so disappointing. if all you can do is ad hominem and say you said this -- >> well, anybody that knows me knows i don't engage in ad hominem anymore attacks. >> that's what you did right now. >> i'm quoting back what you say. >> we're trying to have a discussion right here. what is it i

ruben did in '94 and '59 with the mexicans. they are going to clat rise this with the gas field and whatever else. that was the smartest thing that bobthe us was paid off. it was totally collateralized by the market. you can work this out. this was really a bone head thing, end of story, that need ought not to have been done. >> let's take a detour. let's go to russia. >> this is geo political. and what they have done by this bad decision is invited russia to this the gape. as others have pointed out, you know, there's some naval ports that the british have held in cypress. watch what kind of deals the russians try to make here. >> this little thing -- this little -- >> jgbs are making all time highs. >> record all time highs once again ch if you're looking for a dose of morality or reality the markets are not actually the place to look. let's switch gears to the fed. we have fed day today. you think anything will change? is qe going to be the final four? >> i don't know what we're going to hear. to me the most interesting thing is jeremy stein's vote because his paper that was delivered about three weeks ago which has countered to a