with the handover of hong kong in the late 1990's and covering european equities and the failure of nieminen all of those front row seats in history making that these two have had ,- the failure of neiman marcus all of those front row seats in history making that these two have had. the fed takes a look at how they are going to cut rates to normalize the curve. is the equivalent of five rate cuts by the end of 2020, but some of that might be impacted by what the europeans do, so we are in a global -ing, isthat is now 2.0 what i call it. we are in a 2.0 moment where this tariff negotiation is changing the last 15 or 20 years of agreements, so we are sort of embarking on the conversation rather than concluding that in october. caroline: we have the ecb later this month. can it do enough? i amy: i do not know if the best person to answer that question, although i will say the policy of negative rates going more negative, just from the psychological standpoint -- we talked about can we will our way into good economies -- i think it really mentally ways on people. this is my 20 years of experienc