Are You a Particularly Positive or Negative on Emerging Markets?

In the advanced economies, we don't see major differences. In the e m world, i think we do have bigger differences. We're generally on the optimistic side of the consensus in india as well as the asion countries in southeast asia. Were also relatively optimistic on russia because of the strength in oil prices. However, were more cautious in china, and definitely below the consensus of forecasters.