fact is, just occurred, finally, as dick evans said in the earlier segment, a great banker from texasnd you see the immediate effect in terms of what you reported around the world. there's relief. people expected this, thought it should have happened before, should have happened in september, but it's happened. that's good news. >> his point is that serious damage done by flawed monetary policy is not seen immediately in higher inflation or a miscue like that, but takes years before you see effects of monetary policy. do you -- is that going to happen? do you think that everything at this point is going to work out? i know bernanke could not believe rates were at zero that long. >> yeah. >> i didn't read the fine print there. mean they waited too long or conditions, didn't think the conditions would have warranted waiting being at zero for that long, do you know? >> joe, when you bring rates down to zero, you change the way all investable assets, future cash flows are discounted. we had markets elevating in every category. look at where cap rates are in real estate. ridiculous. look a