the primarily transmission mechanism is commodity prices and chas causing significant issues in russia and brazil in the emerging markets but also canada and uaustralia are offering. taiwan and asian countries are tied into the chinese manufacturing sector are in a pinch. i think most of this has already played out, but we need to keep our expectations contained for what the global economy can deliver. >> china has reportedly misrepresented some of its numbers, so how tricky does it make it for people like you trying to figure out what damage the chinese economy could cause in the months ahead? >> well, for a long time,