jonathan: david wilcox going into payroll, thank you. to catch up with you on this payroll friday. 490,000. as lisa mentioned, you got zero all the way out to close to 600,000. tom: ian is not thinking clearly. new castle is too much tension for ian. what is important here, normal, back before the set of crises, 200,000. i remember when people with model 150,000 as "normal." we are still popping 400,000, 500,000. jonathan: is there anything normal about this moment? you mentioned europe. 7.5% inflation. it is still running qe after q3. can you join the dots for me? tom: let me go down my hallway where my books are. david wilcox studied under three fed chairman. in there somewhere is my son's textbook. none of this is in able bernanke. jonathan: the energy story making up the bulk of the move in the euro zone inflation. policy and the fundamentals on the ground are totally out of whack right now. in europe and the united states. lisa: even if you break out energy to volatile components, you are seeing the fastest pace on record in the are