that does make us a little wary u.s.s.yield and credit more generally at this juncture. >> everybody talks about the flattening of the yield curve, there's been a singapore recession but there is actually a behavioral impact and that is what we're talking about, when the fed gets the fund raise up to that 2.5 or 3%, it starts to become really appealing to move into cash. if you'd buy a money market fund at three or 3.5% today which is a real yield about inflation, i think a lot of people would sell all their stocks and all their stocks and other bonds and go into money markets. that is one of the things that causes recession. >> if we go to money market funds, i want to wonder if we will. >> if the fed gets the fund rates 3% think everybody is going to. i think that is a high water mark. if they do that, it is probably a policy mistake. you have money market yields in the threes. >> let's say we get there and i don't know does your best case. i say we get there. is more bond credit question mark is investment-grade and hig