he likes the idea that cheap cash would help them buy more companies are joining us now is peter taguecentral banks thatng cash so cheap people like this ceo can put the money into investments that would raise productivity and organic growth? peter: there is no question that the cheap money environment is going to be helpful and help drive the m&a environment. there is no question about it. low rates, low cost of capital absolutely makes it easier for companies to pursue an inorganic strategy. mike: the fed is telling us at some point in the near future they are going to raise rates. is that going to have an impact on m&a, given how low rates are he echo peter? peter: a quarter point raised by the fed is not making a very big difference. rates in a at historical context, they still sit at staggeringly low levels. the cost to capital remains quite low in a historical context. francine: where i am confused is that there are very cheap interest rates out there, so you would think that would spur a lot of ceo's to more m&a. they are feeling uncomfortable overall about the prospects for the