0's, itigure by the 202 is about trump tax and when we could see the next problems coming up in i agree it is common for 2020. there will be a recession, just slow growth. jonathan: i hear this all the time, especially with equity markets. and also with fixed income more. this obsession between what happens now will be fine and then wait for 2019 or 2020, then you will get a slowdown. do you subscribe to that argument, diana? diana: i think eventually you will have to price in the slowdown. right now we are focused on too many moving parts to the story. the impact of the fiscal stimulants in the u.s. -- stimulus in the u.s. is starting to come through. it could push into 2019. what happens beyond that with monetary policy tighter, you have a big? mark.on rates areinterest happening in the way it hasn't happened in several years. the federal reserve is projecting fed heights. what is the take from that? luke: i think markets are concerned about higher oil prices and the geopolitical place that we are. that could have significant cyclical and lead into secondary inflation growth. jonathan