The big global rebalancing that we've all been hoping wishing for since even before I was involved in markets, is in play right now. China's opening as currency policy to market forces and then over the last couple of years, we've seen China open up its government bond markets are both good things. The way the Fed has changed with respect to its course with respect to Phillips curve and inflation seems to be kind of out on a bag. That's very good for domestic inequality but it doesn't seem like they're going to do anything along the lines of safety debts and consumption.