a new reform. >> one, the exchanges are in trouble but they could be fixed with a few minor things -- >> they're not going to do that. >> i understand. i'm agreeing with you. the ex-changes are in trouble. in their present course and speed they will probably collapse in large part. trump said in one of these interviews yesterday that he would probably own that, as time goes on, health care becomes him and not obama anymore. we'll see how that works out. i think the chances of democrats who have hung together on every vote on this issue voting to do anything to diminish obamacare from what it is, i think they're zero. i think they're totally zero. >> we shall see. >> i also said china was a bubble. you disagreed. >> so far i've been right. >> right about what? >> you said china was a bubble. >> i was right. >> when were you right? >> when i said for five years that china was going to face problems economically.