michael darda is chief mr.ger at mkm partners-- michael darda is chief myth destroyer at mkm partners. what are we getting wrong in our analysis of why the yields are coming down? low yields andat assume the fed has been a lead balloon on the yield curve. whatu look at the period, is striking behind the falling yields is that you also see filing nominal gdp growth rates and falling inflation. if you take the whole cycle, from the first quarter of recovery to the last quarter for which we have data, it is the slowest nominal gdp growth of any postwar business cycle and the second lowest inflation. if that is your environment you will have low yields. >> in the 30 year bond chart, do you agree with pimco's bill gross about the new neutral? a dampening of growth expectations. a more dampened era. growth is trend somewhat slower. some of this is cyclical billing off the cliff. a velocity shock. only partially offset that. i do not want to sound too pessimistic because i think the growth outlook is decent. 5%will be

we are thrilled to bring you michael darda.ibaba, requesting his attendance for a week, he is at ohio state -- thehen owns high ground on law and entities like ipos. about alibaba and it'll be really interesting. >> we have been talking technology as well. do you use uber? addictive. you use it more and more. it is hugely popular in new york. it is building every day across the country. i am mildly obsessed with it. it looks as though they are fueling up more money to be able to invest further. it is an aggressive company. >> it is an interesting concept. it is based on a service. what i observed is a shortage of drivers. it is moving so fast and has become so popular that there is processes they have to work out in the next year or two. it is going to be really interesting to see how it plays out in other cities around the world. 10 billion dollar valuation. we check in with you and 25 minutes' time. thank you very much indeed. battle for astrazeneca getting more heated. sweden's finance minister said his government should try