if we look at the brc is saying about sales and target -- in august, they are slowing as well.is a challenging environment domestically and internationally. jonathan: you nailed the bank of england when you excited them to say china is not offering -- that'sorward, on friday, not the whole -- that's not the view of the mpc. there are people at the bank .hat are worried about china that tug-of-war between market pricing and those from the bank of england. does market pricing when at the end of the day -- does market pricing win at the end of the day? richard: he will be the first to push back and say there are great concerns, notwithstanding the view that they are trying to downplay china. theink investors look at macroeconomic environment. they look at a fed that may not left off as complete as economists think they will. the market is still not pricing it. you look at that environment and investors are sanguine in terms of early liftoff. another thing to remember is with this string of sub target cpi's, you're good to have the governor writing a letter to the chancellor in nov