this is a joy, brian weinstein is with morgan stanley investment management, head of global fixed incomen. brian will join us in a moment. right now, the economy cannot be perfect. i put out on twitter, this is the first read of your autumn, ian rose and his team -- autumn, gideon rose and his team -- robert blackwell, and the giant, douglas erwin. these -- how do you full these politics? gideon: the world is starting to unravel or continuing to unravel. the strongest and dominant players in the world today are smash mouth, personalized, authoritarian dictators represented by the groups he saw on our cover x --i, -- cover, erdogan. these are people who are leading the authoritarian turn. they have the motion. they have the wind at their back. they are dominant. in terms of china, where they are heading, it is not a good place. xi's tenure is to restore party dominance. this is evolving into a major challenge to party dominance. this is not something i think xi manages to stomach. you to take awant collective lap. not so much at what did you get right, but reassess the morgan stanley caut

. >> i'd like to welcome my guest, morgue steam investment management brian weinstein brian, let's getoves markets. china adds more stimulus, germany talking about for the first time maybe not so much a surplus in the budget but write big checks maybe 50 billion euros our federal reserve talking about lower rates eu in general, september 12 is supposed to be a bazooka-type meeting does this fiscal and monetary, we've been using it more than organic growth has been bubbling up. >> yeah, rick, i think it has a price. you look at global yields and how much it has fallen, the market is skeptical it can come together to get enough organic growth to go the right direction. the price might be confidence in the system. >> you know, many stock markets in the past like the nasdaq almost doubled five months before it crashed. what are investors to do if all of that stimulus is probably going to help stock prices but maybe there's questions in the macro picture? >> i think you see it in the price action, people are buying safe havens, equities are fine the big move duration, safe assets have done