thetime between now and next general election in america, the market probably will have a correction, would say. we will run into maybe some inflationary pressure and we will test people will get more nervous -- people will get more nervous. francine: our trade wars here to trade wars her to stay? martin: it's not a full-fledged war. it feels a little bit warlike to me. the very stark warning that hank paulson gave this morning about a potential cold war is very concerning. my only experience in shanghai a few weeks ago, a couple of weeks ago would go along with that, in the sense that i think the offended,re deeply wrongly or rightly, by the american action on tariffs. both sides of it have to be dealt with. the chinese and the level playing field, dimwit intellectual property rights. the chinese have established, whether we like it or not, technological leadership at this stage in a number of categories. ate howly underestim powerful and -- i think we underestimate how powerful and strong they are with technology. maybe president trump and president xi will come to some sort of agre