lisae are joined by shalett. give us your reaction. nconventional as terms of rhetoric but this has been in the air for a while. i think we know where he is going with this. the bottom line, from where we sit is that what is going on in emerging markets wrongfully is really about the global recovery , it continues to be, we got weaker data out of china today from the retail sales that last week we got at her than expected data out of china on trade. and exports. and we think that is what really is powering tm. em.owering alix: what has -- changed thehas game? of until a month ago, people were saying it was different. suddenly, everyone is going well, the dollar could be a problem here. you think the dollar is overvalued? lisa: we do. we don't think this technical correction or rally that the dollar has had is going to be sustained. as you know, we have gone in 2014 and time 2015 where the dollar appreciated by as much as 25%. and currency markets tend to overshoot. our sense is that we are going .nto a trend combined with higher inflati