let's start with the big one, dareious, what happened? >> what happened? well, i think the most important take away we can with a day like this kneading next week's fed meeting is the fed might be damned if they do and damned if they don't. and if they have to punt again and acknowledge the concerns, they might get freaked out. but if you're going to tighten, from emerging market economies i'm going to get continue the growth concerns. so you have the markets down 10, 15, 20% from here to the next few months >> well, pull back and look at this notion of zero interest rates as liz mentioned in the last hour, we've had these zero interest rates for a long time. six, seven, ate eight years, is it time to say they don't work we've seen what they did in japan, why don't we get off of this >> yeah. they called it the lost decade in japan, it's been 20 decades and plus we're working on a decade here. and to that point not only has it not created growth but a tremendous level of uncertainty in the market not because of economic purposes but specifically because of