let us bring david stubbs, global market strategist at j.p. morgan asset management. david, the morning. using the ecb might actually -- david: i think on the interest rate side, that is absolutely what we are expecting to the extension of quantitive easing is going to come, whether it comes today i don't really think it matter to investors. the idea that it was stopped in march next year i think is preposterous, given the inflation outlook, slowing growth, the downgraded forecast we are going to seem. and even more worrying is the last three or four months slowdown in the fall and unemployment. right? a very important and impressive performance in the labor market year. star little bit last couple of months, making me nervous as well. moment, probably staying the hand. but they will have some questions about how do you find more bonds to buy? that is constraining what they can buy? manus: there is a lovely line in the store this morning talking about mark carney's serenity. looking over a shoulder, the rating that mario draghi got. but we have the yield curve, you hav