we are back with russ koesterich.anything that will stabilize the situation. russ: it will start with a calming down of the trade tensions but people are more concerned about the economic outlook than they were. we are focused on the yield. this is not just about trade in the last few days. this is a multi-decade trend and --s is profound because of the factors that are driving this, none of these are going to change even if we have quieting down of trade tensions. this is a different investment environment and people have ever seen. francine: what does that actually mean, a recession or significant slowdown is almost unavoidable even if we get back on track with trade? russ: i think in some ways onple are putting too much the inversion of the yield curve. a recession is avoidable. if you go back to decent but bonds arerowth, where no longer providing the yield they traditionally did, that is a different portfolio. yield showed the 10 year with the cleveland cpi. we have negative rates. i have not done the deviation s