The Biggest Risk Is Not the Pain, Right?

The market has been much more aggressive at pricing in rate moves than the fed, and the fed, i think, or the other central banks. So bonmarket's really kind of pricedin an awful lot. The question is going to be, though, happens next o if growth, as i said, i think inflation is certainly going to move higher in the uro zone. I think it's going to make things very difficult for the central banks to back off. By the time you get anywhere close, you'll have shanked the equity market, and the real economy will be down the ok?