we are still with chuck lieberman and sharon o'halloran. normal end of your conversation, we would be talking about the fed and what they are going to do front and center 2017. this year they take a backseat to donald trump. did they take a backseat as the year goes on now that we have priced in what they are going to do and we focus on the fed? chuck: we have been repricing the fed since the last fomc meeting and they surprised everyone suggesting there might be a third rate increase in 2017 instead of two. the markets have not quite christ for three. three.'s -- priced for i would say three are likely and even for maybe. rate, if itment continues to go down and inflation pressures continue to build and trends are unfavorable , i would say there is a substantial risk of four. michael: you look at this chart, this is the bloomberg dollar index, and you see since election day it has shot up. basically we are at 14 year highs. we saw this coming you mentioned with ronald reagan, he saw this during the reagan administration where they had to h