annmarie: jeffrey gundlach said -- i was just going to say, jeffrey gundlach said, how does anyone know? what is the risk to the fed getting this wrong and your base case being wrong? what is your biggest concern? >> clearly, a risk that we identify would be if inflation were to be higher than we anticipate, and secure. we do have some inflation hedges in our portfolio that we think would benefit from such a situation but i don't think initially it would be the end of the positive equity trend. manus: thank you so much. some breaking news here in our region, one of the major housing builders here, the chairman has resigned. he's very much the public side of the business. he has been there for 7.6 years. that just says his sway across the is and is. this is an interesting breaking news line here in our region. the chairman's company is to make an offer for the remaining shares. we will break the story down a little bit more. annmarie: when we get that new chairman, i'm sure it will be an exclusive interview. ahead on the program, later this morning, will be speaking to an economist who w