to unless you are focused on scandinavian currency, this is the norwegian crone first the swedish kronaas fallen below parity. it is headed to the lowest level since 1992. the norwegian economy is an oil economy. see, back in 2009 there was a huge surge and it was a safety area but it has been really ugly ever since then and that chart tells the story. does, we are right back to where we were over 20 years ago. mark, what about you? mark: i have been intrigued about value instruction -- value destruction in the mining industry. any figure above a hundred shows a gain, any figure below 100 shows a loss. was when the stock starts but since then, you can by 71% ande is down in terms of value, that is 343 billion euros. -- the world's biggest steel producer in this time had fallen by 94%. by 91%.erican is down bhp -- they have dropped a minimum of 64%. how can you make money from 2008 is -- 2008 in the basic resources industry? -- in the last six years, it has risen by 337%. minor, looka pure at -- it's up by 88%. so the answer is head to sweden. my favorite color of the day is definitely r

if you have a swedish girlfriend you need to be long the swedish krona. merry christmas, todd. christmas today. yours tomorrow. so i'm celebrating already. excited about the markets heading into next year? where do you see 2016 starting? >> good morning louisa and merry christmas to you. i think that the markets are going to envelope heavy head winds here. there's a lot of issues that we chose to ignore throughout the end of the year here. you can say there's been growth but there's been no growth based on the 2% gdp that we can't get past. we talk about how great job versus been but they haven't been good because even if you go to the last jobs report in which we brought in 211,000 new jobs what everybody forgets to mention is the same week we lost 50,000 jobs that would make more money than the 211,000 they put on. i look for a lot of head winds and the all important, all long awaited for market correction. this bull market is very long in tooth and there hasn't been great supporting data. if you take away the merger and acquisition you make the stock buy backs it's really be

check out a currency very quickly against the euro on an intraday basis. 9.274, a stronger swedish kronaly some people expected an expansion to qe. guy: judging by that positioning, that is exactly what you are seeing their. a fairly decent move. the survey's we were doing pointed to the data going to exactly as we always saw it. the market looks like it was out of position. jonathan: they see no flaw for rates. the repo rate can be cut. in terms of that last chart, the euro has come a long way quite quickly. i think in terms of the positioning, this squeeze you have seen on the euro may be looking for some excuses. maybe this is the case in point of frying of the edges. jonathan: nevermind the opinion of guy johnson and myself. in terms of that last chart, the euro has come a long way quite quickly. you can listen to the governor of sweden's at central bank in "surveillance" at 10:45 a.m. over in new york. globally, commodity prices are battered. 16-year lows and one company suffering. rio tinto has been forced to slash spending, selloff billions of dollars of assets. in an exclusive in