holger: that's a major point.t have this huge run-up that was highly levered and of course we have in our economy less import of the really introspective sector such as the homebuilding sector and residential sector. the key point is it is a matter of confidence. it is not just liquidity that drives markets, it is you people want to use the money they have to buy equities, to buy risk assets? so it is not just his their liquidity, it is what people want to do with the liquidity. we use the overall liquidity out there but people keep -- people become more confident. equity markets in europe can rally, even bank liquidity going down, and the same holds for this economy. lisa: part of this is because china came back online, a significant part of why that change the narrative. how much of that has been overpriced or overplayed given the increasingly domestic focus of the world's second-biggest economy? holger: i actually think this china factor plays a bit of a role in market sentiment but is not the key driver. for m

martha holger hooked from love. only put the meat on his grill. his wife and kids love eating me to their favorite meat stick grill. read me like pork and beef. in the summer, the families meat consumption rise, is dramatically and they're not the only ones who love eating meat germans eat an average of one kilo of meat per week, double the amount recommended by the world health organization. the thing too much meat is risky, says publish time bag. i know it was on good terms. it's an unsavory love story. we've known for quite a while now, according to a variety of epidemiological studies that eating large amounts of red meat, increases the risk of developing colorectal cancer oxy norm. so cranking effort, eating red meat can cause co rectal cancer. the more me consumed the higher the risk international studies show an increase in meat consumption worldwide. in europe alone, consumption is increasing by almost 8 percent each year. being poor can lamb or the most prevailing kinds of red meat the substance that gives those meet their red color is hi

i love it. toys. smart holger hooks. love only put the meat on his grill, his wife and kids love eating me to their favorite meat stick grill. read me like pork and beef in the summer, the family's meat consumption rise is dramatically and they're not the only ones who love eating meat germans eat an average of one kilo of meat per week, double the amount recommended by the world health organization. the thing too much meat is risky, says published i'm back. i know it was on good terms. it's an unsavory love story i . we've known for quite a while now, according to a variety of epidemiological studies that eating large amounts of red meat, increases the risk of developing colorectal cancer oxy norm. so cranking effort, eating red moved, can cause kona rectal cancer. the more me consumed the higher the risk international study show an increase in meat consumption worldwide. in europe alone, consumption is increasing by almost 8 percent each year in b, paul can lamb, other most prevailing kinds of red meat the substance th

there might be some short term profits for ration holger. and indeed there is, i think that see, and then of the 9 to buy back in town where you see western assets trend is us, us is a b in redistributed to oligarch. i knew people suddenly became the owner of this business. but that's very short term picture long term did the picture of the economy, the belief because it's time to go in the multi phase decoupling in terms of energy, commercial, financial, and also technological. so the real location of acids is only of short term nature . it's not about the economic prosperity of the russian economy. more sanctions now being added will that run things up? will that make a difference? it's not the sanctions of massive consequences. there are areas where we can, hey, kids much more tighter. but the next thing to package is main kid is the idea to make it more costly, more cumbersome for us to adopt and also to why them the budget deficit has already emerged in december. so from the you have to point of view, the idea of things is to, for us to