[applause]. [applause] thank you for coming its great to be back one of the greatest independent bookstores in the entire country. [applause] i spent many a day and night looking at my books with my daughter back there. You can buy as many books as you want. Makes an excellent gift item. You could write out all of your Holiday Shopping tonight. [applause]. Its not just a book about housing i think its not an exaggeration to call this a manuscript. And then with the housing crisis and then it begins and then it ends up the author of sb 50 and may be coming back. Take us back to the great migration and the movement west and with the singlefamily home. And with the barbecue a backyard. And the california living. And some of the early history of how california grew and the role housing has played. It is a journalism book with history in it. So what it is like to be a rich society in america. And then the house with an orange tree in our backyard. People really thought of it as an instructi
[applause] thank you for coming its great to be back one of the greatest independent bookstores in the entire country. [applause] i was just browsing the children section i spent many time day and night looking at my daughters books. That there was an excellent gift item. It is a wonderful book it isnt just housing but i think it is not and exaggeration to call this a manuscript of california history. So you will be getting a lot of policy in here and then with the housing crisis and then it begins and then it ends up the author of sb 50 and may be coming back. Take us back to the great migration and the movement west and with the singlefamily home. And with the barbecue a backyard. And the california living. And some of the early history of how california grew and the role housing has played. It is a journalism book with history in it. So what it is like to be a rich society in america. And then the house with an orange tree in our backyard. People really thought of it as an instructi
Our bloomberg voices are on the ground with all of this mornings top stories. We begin in japan, with efforts to calm the market jitters over the coronavirus outbreak. The boj says it will provide ample liquidity to ensure stability. Joining us is enda curran. It help to the market for a second. What did we learn . Enda it seems like it is part of a coordinated push by the worlds Central Banks. To be a g said they would provide liquid it the boj said they would provide liquidity and followed up by putting money into the market. It is important to also say what they are not doing. They didnt signal an Interest Rate cut. Interest rates are already in the get of territory in japan. They didnt indicate any outright easing. They already have a huge Balance Sheet from years of quantitative easing. It is in sync with steps being taken by others. It is more designed to ensure confidence than outright easing. Alix lets stay in asia right now. Global coronavirus cases are at 89,000. Indonesia re
Gentlemen, i said outstanding. I would elm if a sides that word. Now, austan, for you, are we half way down . Are we not quite half way there . Have we hit the bottom . Where do you think we are right now . On the stock market . I dont know. On the economy, i wrote a piece in the New York Times today that made the observation that if you look at the u. S. Economy we are far more driven by the Service Sector type businesses tourism and airlines and that stuff in the Service Sector than, for example, is china. So if we got a dose of the coronavirus, if the outbreak here were of the magnitude that it is there, it would actually be worse for our economy. So, i think all efforts should be on trying to slow the spread of this virus and the Public Health of the virus because once it gets here, if its of that kind of magnitude the downside is really really bill let me come back. I think you made an interesting point in the times piece today. Where are we . Are we at the bottom . Halfway . Do w