tom: absolutely brilliant, maury harris, i thought of andrew mellon in the present, when we have a slowdown combine. maury: there is a strong history of that. you are trying to meet earnings targets. big picture markets are not growing and the way companies get growth is to merge. tom: that is all there is to it very did a great job summarizing. brendan: half of it is failing -- number of u.s. listing cell phone 8025 -- non-us listings increase from $30,000 to $39,000. outside the u.s., they are looking for capital, inside the u.s., the capital is not publicly traded market, it is going elsewhere. maury: you are seeing more capital being raised in the private market. you are also seeing the need for capital not being as much recently, because you have had good corporate profits during the recovery. corporate profits have been doing better than the economy. there is an issue of the need for financing. vonnie: the question of productivity, only tech company that are raising money in the private markets, will they continue to see productivity or take from it? maury: our history is that, when y