Lloyd blankfein saying that he could be great for that role. That is what you need to know. 1 trillion wiped out of bonds. That has only happened once in the last two decades. Joining us is andrew balls. He oversees more than 46 billion in assets. He joins us from london. Great to have you here. And unbelievable week and the bond market. Is the search for the yields over . Andrew unbelievable in many ways. You have seen a pricing of inflation in the u. S. , fiscal policy to be increased in the u. S. And the possibility of a pastor federal reserve. It all makes sense. You have to say there is a lot of uncertainty in the outlook. It is likely that under President Trump we will see more fiscal expansion in the u. S. There is a host of other uncertainties including trade. We have been expecting a , terming of risk premiums risk premiums, we are seeing that. There is a lot of uncertainty in yellow. Alix i am hearing from you that it is a dip. Is this sustainable at some point . Andrew you a
We waited for them to do something but we didnt do anything. You have to do it yourselves. I think thats a good note to close on. Thank you everybody for coming tonight. [applause] bob will be signing his books in the lobby so please join us there. Thank you very much. [applause] [inaudible conversations] good morning. Im Michelle Easton present at the Clare Boothe Luce policy institute and i want to welcome you all to this special lunch featuring Wayne Thorburn and his great new book called red state and insider story of how the gop came to dominate texas. You may be wondering why is the president of the Clare Boothe Luce policy center introducing him . It was 42 years ago when i came to washington d. C. From new york after graduating from college and my first job was a Young Americans for freedom and my first boss there was Wayne Thorburn. Ron robinson who asked me to do this introduction, ron and i have known wayne and his wife judith for decades and waned by the way was a very good