Stunning new warning today. The Pacific Coast power house urging investors. Good to talk to you today. Good to be here. You expect the u. S. Economy to grow at an above trend 2 rate. That the fed is likely to hike more than the market is pricing in. That investors are going to be shocked. What gives you that view . So the u. S. Economy even though weve seen sign of slowing down is going to grow at 2 . So trend growth is somewhere below 2. Its nothing very exciting. And while we reached the end of you know where the fed can tighten very far we do think as we go through 2016 and Oil Prices Recover we should see the fed hiking more than the hikes that the market is pricing. Global growth is going to subdue fears yet the market is most worried about a recession at this point. Are those fears overblown . Theyre not overblown. Theres always a risk of a recession and clearly with the end of the fed markets, and the currency, the u. S. Dollar has moved up 20 . It puts strains on different part