The Rise of the Asian Consumer

S&p for year to date up 10 percent the european ETF up 8.43 percent a europe's been ahead of the us for most of the year and now uh s&p pulling ahead just recently jump em is the emerging marketsETF so basically i would say flat but what's interesting is the china has become a big big part of the emerging market index. If fxi is just the chinese large caps Index it's down 11 percent so china clearly draggingnow we've watched in china this fight between sort of the national security faction and the and the trade faction and the national security group clearly winning.