if you're mr vishnu and from focus forward standing up to. just kind of dodged round so i sign a file or go sign of. when i just sort of in the teeth of trying to. con friday or inserts the child. oh very good is this. on september 12th 1900 the 2 plus 4 agreements finally paved the way forward to german unification. the soviets would begin withdrawing their forces in east germany with helmut kohl pledging to cover the resulting costs. but he knew germany was prepared to accept our demand. we needed 14000000000 do it to build accommodation for the troops to be withdrawn from germany and other things. october 3rd 1900. after 4 decades of division germany celebrated its reunification. in berlin until then the pivotal heart of the cold war. for germans the magnitude of the moment perhaps veiled the fact that the cold war was not yet over that the world was still full of nuclear missiles and now that too was the subject of negotiations. richard berke was among the dignitaries on the american side the last major battle of the cold war took place i

vishnu: you are absolutely right.here one needs to take a step back and what changed and how the reference benchmark thinks. still more is conjecture than conviction, but has the excess liquidity in the market dulled the market reaction? we did see a pickup in the high-yield response, but even that is muted. markets are not overreacting, so the question really is, have the market dynamics changed, or is there overconfidence about a quicker policy response? i think at least oil markets appear to be more apprehensive. haslinda: what does it all mean for the dollar trajectory? we have massive qe on the one side. we have lots of uncertainty and risk on the other. is it a strong dollar or weaker dollar going forward? the risk of jeopardizing my job, i'm going to start off by saying i don't know. [laughter] we can put up some framework there. the framework that is going to be helpful is the dollar. the dollar will probably strengthen if risk aversion steps up, and it is probably going to weaken as a risk aversion and uncert