people on and on like jamie lyman, jpmorgan j saying it is eroding consumer wealth and then enter thisntleman who no offense to these other gentlemen has been more accurate on the pace of this economy and its underlying strength and saying things that are out of lockstep, everyone else in the financial industry. brian moynihan is the head of bank of america and what struck out in your comments. i follow your comments closely, your inherent optimism, don't know if that still holds about where we stand, to paraphrase your recent comments but you don't see this freefall going on. explain where you see things going because it's different from your colleagues. >> we have a research team, one of the best in the world. 3 quarters of negative gdp growth in the first part of next year, 1.5%, would be a shallow recession or however you want to characterize it. if you go back to people who were concerned earlier this spring they pushed out there assumptions from this year to next year. what is driving that, the reality, 3.7%, wages still growing. it shows resilience of the american consumer spent