people point to, when youthink, may, june last year. and you think about distorting interest rates to such an extreme level. you were creating a problem everybody knew would manifest itself. markets are now equilibrium. the long end of the interest rate curve more in equilibrium. you n invest in confidence, knowing you are not distorted in the long end of the curkur curr given. >> watching the ten year note. and the yield. everybody thought this would be the year it started marching straight up. it has done anything but that. >> yeah, think. go become to january. think what happened. why our yields are wait they are. you had duress in the emerging markets. you have had slower u.s. growth. some of it is weather for sure. slower, you have slower growth in china. you have had a confluence of events that have created some concern. think what happened. 25 basis points. and rates would be drifting higher. we thing, after you get out of k from weather and other influences, growth will be better. drifting up again. i think you are reaching a po

. >> jonas, what do youthink? get ri of it? >> first of all, jan has crazy minimum wages.k at what another country does. you have to look at amica. we don't know the ceo thing is a guesstimate. it could be people out of work. we have to do it to see what happens, gary is right in the sense we don't 93 need it because the statesave more constituonal. they can set it based on local cost of living. but i will give you for it that makes no economic sense. the perception of fairness, they can't capture this in a ceo report. when you look at the revolutions of history, russiand france, it's because they didn't have labor laws. i wonder if things still have royalty and they have minimum wage. all the countries with royal families have minimum wage. you avoid a revolution and a maximum wage. it's a 90% top tax bracket. don't bring those back. get people minimum wageo do that. >> we will keep that clip. this makes no economic sense. >> tracy, go ahead. >> but what makes no economic sense is we do studies. they could really pour a cup of coffee and watch us on saturday morning. we h