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Ray, I'm Wildly Parish on China
I disagree with Ray on the China part, I think that they've got some definitely some control issues and I just don't know if they're going to be able to. It's very hard to get accurate data coming out of China, but from all reports like their property markets down 60, 70, 80% over the last four months,. stock markets in a shambles. They're more indebted than the US. The big question is how is the government going to deleverage itself and even comes through a deflationary deleveraging or an inflationary Deleveraging? And Lin just kind of points out that in the 30s and 40s, you kind of have two periods to