mr. j. friedman: i do find the janet yellen image disturbing on all sorts of levels. [laughter] mr. j. iedman: apart from that, it was interesting to see the results of the poll. the fed has managed to convince everyone they are never raising rates because we take this poll last year and you thought it was earlier and it has moved out and moved out and when the actually raise it come i think it will surprise everybody because no one really believes they're going to raise rates and they have raised rates on a relative basis because of the negative rates we see in europe and elsewhere globally. in some sense, you can say rates are quite high relative to other places in the u.s.. i think it is very, very difficult for us to figure out a way to actually make money predicting rates. i think the exact timing and the speed with which they increase it are equally difficult to predict and i think the world of wooded with brilliant economists who love gotten this wrong so may times in the pet -- who love gotten this wrong so many times in the past. had you protect your self question mark how do a