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connection. the markets right now assume pretty much assume it s going to have been. the question is when. they assume will happen sooner because that is bernanke s dna. i think if you are responsible, he with that asset prices fall and pressure would shift to congress. he s given a hall pass. there s one other problem that energy and food prices will rise and will have a different problem than they have no energy policy in this country unfortunately. look at the united states for this witness other countries for fiscal consolidation. i have one that is perhaps worth mentioning. i will mention two, perhaps three. first, quarters of growth. growth is paramount and fiscal adjustment. there is a statue d. and trent gdp ratio of 1%. after 10 years, the jet to ddp relationship will be down 10%, 30%. but i fully agree one cannot feel the fiscal adjustment on the expectation that growth will increase because it will not. so one has to be cautious and then enjoy the benefits. sec

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