an intellectual framework which tells people what the logical next step should be. ,onathan: jurrien timmerthese headlines from the accounts, going through to jackson hole and pushing forward, do you see the risk diminishing somewhat after these comments? jurrien: i think these are sort problems and the fact the ecb is wringing its hands over euro strength and the fact the fed is having strong deliberations over when to go and how much. these are all good things because it shows of central banks are very in touch with are saying. it's important that central banks do not run policy in a vacuum. the central banks could just as go here ande could we don't care what the markets are saying and i think that would be a whole different situation, but we don't have that. the fact the central banks are very in tune bodes well for the past going forward, regardless of what this speech is or that speech is. it suggests a gradual path when they over -- they only go in the markets are on board and if that is the case, financial conditions will remain accommodative and that will allow them to finally see