our next guest says the euro could fall another 30%, change us is marc chandler. great to have you with us. this, a projected 20% decline against the u.s. dollar. in what time frame do you see that happening? >> projecting not just this year but into next year. i think we'll see it by the end of next year, when the gap, the divergence between the u.s., the federal reserve is going to be raising rates later this year and the ecb which we'll learn tomorrow more details about its own quantitative easing. >> what are you looking for, and what is the market looking for in tomorrow's detailing what have sorts of assets they will purchase and in what quantities? >> this is what we really know already, that they are going to buy approximately 60 billion euros worth of assets per month. they already are buying a little bit more than 10 billion between covered bonds and asset-backed securities. the big innovation that they announced in january is they didn't begin buying sovereign bonds, though we want to know more of the details. for example, what kind of bonds are they go