might go to the limit but as soon as as anrts to the consumer, economist, you believe he will to starttfar. we went from a cold war to a trade war to a tech war. there are issues that china has been stealing ip content and refused the change policies over so many years. -- sad to to say, say, stop it. president trump preferred to delay tariffs on consumers after christmas. christmas shopping will not be as nice as it used to be. it is in the interest of everyone to be fair and frank on ip being tough, but on trade war's, putting up tariffs. trumps election -- trump's election, xi jinping, not really. level of 7.5%e.u. unemployment. has europe finally escaped double digit unemployment? europe,yes, i think despite the rhetoric, is doing ok. in particular, at this junction, you have seen capital interest in development -- christine lagarde as the new president of the ecb called for fiscal stimulus. at a time when the ecb needs to keep interest rates low, while at the same time another way to , thethe competitive euro u.s. has a very high deficit. europe does not have it so the only way to