narrator: brian dudley is an environmental engineer. his fieldwork contributes to the understanding of water quality degradation across the cape. dudley: as the population on the cape has increased, we have seen, obviously, a proliferation of development. there has been an increase in the amount of wastewater that is being generated and, as a result, an increase in the amount of nitrogen. and that has had a detrimental impact on a lot of resources not the least of which are the embayments and estuaries on the cape, and part of the impact has been loss of eelgrass beds, which in turn means that we have loss of shellfish habitat, finfish habitat. narrator: inadequate treatment of human waste contributes to the increase in nitrogen levels. eichner: what we're running into right now is that we are seeing the impact of the population increase and the limits of the available wastewater treatment technology that we've got. we get rid of our wastewater in the same system that we take our drinking water from. we're seeing water quality impacts i

brian, they've been buying a trillion dollars a year of treasuries and mortgages and at some point their balance sheet as bill dudleyed from the new york fed just a few days ago in a speech, their balance sheet won't stand that burden for the next three or four yiv years. ultimately they have to taper. what's important in its place we think that janet yellen as the new chairperson will institute a policy of forward guidance which she guides forward the policy rate, the 25 basis point policy rate into late 2015, maybe 2016 and that stabilizes the front end of the treasury curve and what we've been buying. >> something else here. i want to bring up a tweet you sent out earlier today. i love the fact that it is you behind the things. i think i've seen that in los angeles. you said we put it up with the spelling. it's ratings services make news meaning i assume referring to fitch but seldom break new ground. think for yourself what dysfunctional d.c. means for treasuries and the dollar. not good. your tweet today. how bad do you think this could get for the dollar? >> it's hard to program this, brian, in terms of a doll