deleveraging is rky so for example banks are lerageed about 12 to 15, 17 times. ey're leveraged 15-1 and if they go down to one 15th, we have a capital problem and we're in a deleveraging. those problems... bank crisiss that have existed every ten years normally we can have a problem. we don't have the ability to have the same effect of monetary policy as we did before because a central bank... it can buy a bond. therefore you can buy the bond. it gives that money to somebody who sold the bond and they were ing to buy something like a bond. getting hit in the hands of somebody who spends it on the cars and houses who really is probably too much in debt is not an easy thing to do f monetary policy so monetary policys not as effective and then we have this social tension. so we should be able to... there's this downward pressure of the deleveraging. we should be able to grow at a rate that's comparable to our income growth if we keep orderly and we work this through and everything is orderly. that means something between like 1.5% or 2% we should be growing at mayb