york we cross to peter cheer he is the founder of t.f. market advisors right gentlemen cross talk rules and if that means you can jump in anytime you want jeffrey you've been on the program before has austerity gone too far particularly in europe cannot stared create prosperity can a stay or to create jobs well it's creating plenty of prosperity for the financial sector i'm not sure for how long this will continue but for common people it's been a disaster and it's been a disaster frankly for forty years and we continue to see this kind of cannibalization of the social sector and then driving those. gains up to the top of the in comparing that and this is has to stop the whole system is imploding peter where you jump in on that too much austerity you know i think one i study actually needs to be done in some form i think it's got to take some time the other side of this coin has become every want to talk about oh spending and let's be honest we got into this debt problem because everyone spent money all these things about growth etc all these pl