we spend most of lives in cities and jobs and families with social identities that seem to itbe everything. people come here and see there really is a much grander reality that their lives came out of. nonreligious people having somewhat a religious experience here sometimes. now were standing out on the hermitan road we are a powerpoit there is a powell memorial is off to my side here which is a memorial. he's the first river explorer back in 1869. it was a passant geologist together a do-it-yourself trip didn't get much support from federal government. most expressions were federally sponsored. a new territory economic resources or routes. the nation was not convinced the grand canyon was worth all of that. it's almost no support for his expedition put together on his crown had nine other crewmembers to start out with. there is controversy because there's a plaque on the memorial there there are three names left off and almost all of the ship at the end of the trip they decided they had had enough they walked off in some of that more of a villages in utah and were never seen again. the p

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this is the itb. so that's pullty and toll. are we, after such a bigmove in the march low, are we putting in a minor top? does the sell-off that began exactly a month ago, 27th of july, and here we are 27th of august essentially, is there more to go? that's my thinking. >> your thinking is there is more to go? >> yes. >> very good. mike, i'm told you have a chart of your own. >> it's interesting. we saw some early market weakness when we heard that jerome powell's comments that the inflation fight isn't completely over. then he had relatively positive things to say about other economic indicators. let's talk about the inflation issue first. i thought larry summers had an interesting op-ed where he was saying what he thought jerome powell should say before he said it. and what he was doing was comparing basically the inflation that we've seen over recent years, which we could see here depicted by the blue line versus the period from the late '60s until the early '80s. what you can see is the pattern we have seen for inflation re

look at the next, we've got housing up here coming up among others, this is the itb. so that's pulty and toll and so forth, the issue is, are we basically after such a big move from the march low, are we putting in a bit of a minor top or said differently does the selloff that began exactly a month ago, 27 july, here we are 27 august, essentially, is there more to go? that's my thing. >> and your thinking is that there is more to go? >> yes. >> all right. very good. mike, your thoughts on the markets, and you have, i'm told, a chart of your own. >> yeah, i mean, it's interesting, of course. so, you know, we saw some early market weakness when we heard jerome powell's comments that, you know, the inflation fight isn't completely over, and then of course you had some relatively positive things to say about other economic indicators, let's talk about the inflation issue first. i thought larry summers had an interesting op-ed in the "washington post" where he was basically saying what he thought jerome powell should say before he said it, and what he was doing was compari