The Squeeze on Consumption Is the Greatest Problem of the Last Forty Years

I'm not going to be dogmatic that we're talking about collapsing activity and collapsing interest rates at some point out there in the future. That's not what the philosophy is built on, but that is how i would see it. Andi think if you look around the globe, we already see this happening there. Ithinkwe bothn squeeze on incomes andn it's pretty intense. We'd probly wont have done with this major least transitional problems in the chinese government economy,. They made me more structural ones. But ia peculiarly tempted at the moment to be sort of sightly questioning of the narrative on the back.