then said reinhardt, over there on the -- vincent reinhardt, over there -- [inaudible] and the kind of anchorperson of this meeting a series when it was going awhile ago and he is now at price and was recently at the national -- in the national monetary fund. we obviously have a good appreciation from the size of the audience of the quality of this panel and we may have a grasp of the precariousness of the economy. this could be a leading indicator. it runs obviously from the meeting in europe going on right of to next week's meeting the fed and the chinese lowdown. but we thought we would start with europe -- the chinese slowdown. it would be unfair to predict things if they're not going to be disproved in at least 47 minutes. but at this time, the press conference from draghi will be in an hour. vincent, if there is some kind of indication there will be bond purchases from the european central bank, the programs are countries that do program -- that do have programs, could you get out of that? is the contract as it was with the european central bank -- they jammed a trillion euros of