Carl, let me start with the Balance Sheet. Give indications on timing or anything else that maybe is left unanswered here . One of the questions regarding the Balance Sheet would be under what conditions will they back away from this plan . The fed wants to operate passively in the background. Under what conditions will the possiblyt boring and rejigger the plan. That is something we would be more inclined to hear about in the press conference. Shery one of the things that you cannot actually avoid is volatility. That people have not really priced that in yet. That the ecbhe doj said that when the doj started this quantitative easing process, it was kind of like an electromagnet and you have seen volatility drop considerably. I think that is an accurate assessment, because now a very large higher is acting out of our is backing out of the markets. What will hinge on the decision for them to raise rates again this year . It will depend on two things. We need evidence that this soft patc
One then we will continue to preserve peace. Rose we continue with Brian Moynihan, chairman and c. E. O. Of bank of america. The road map when you say what you can do about it, is youve got to have a work force that at the end of the day is going to win against the worlds workforce, and there are different ways to win that. Become the cheapest labor force, that is not possible. Become the highest skill per dollar paid labor force, that is possible in the United States and you see that, that is germany. And then have a good set of the United States has a great set of work rules, a tbreat set of availability of energy that no other country has. And so they have some natural things going for it. And then it comes down to in my mind, you know, basically the training, education, apprenticeship there are lots about it, but weve got to be driving our capacity of work, time, product and everything against the place of the jobs that we are going to have in this country and keep developed in thi
One then we will continue to preserve peace. Rose we continue with Brian Moynihan, chairman and c. E. O. Of bank of america. The road map when you say what you can do about it, is youve got to have a work force that at the end of the day is going to win against the worlds workforce, and there are different ways to win that. Become the cheapest labor force, that is not possible. Become the highest skill per dollar paid labor force, that is possible in the United States and you see that, that is germany. And then have a good set of the United States has a great set of work rules, a tbreat set of availability of energy that no other country has. And so they have some natural things going for it. And then it comes down to in my mind, you know, basically the training, education, apprenticeship there are lots about it, but weve got to be driving our capacity of work, time, product and everything against the place of the jobs that we are going to have in this country and keep developed in thi
One then we will continue to preserve peace. Rose we continue with Brian Moynihan, chairman and c. E. O. Of bank of america. The road map when you say what you can do about it, is youve got to have a work force that at the end of the day is going to win against the worlds workforce, and there are different ways to win that. Become the cheapest labor force, that is not possible. Become the highest skill per dollar paid labor force, that is possible in the United States and you see that, that is germany. And then have a good set of the United States has a great set of work rules, a tbreat set of availability of energy that no other country has. And so they have some natural things going for it. And then it comes down to in my mind, you know, basically the training, education, apprenticeship there are lots about it, but weve got to be driving our capacity of work, time, product and everything against the place of the jobs that we are going to have in this country and keep developed in thi
In a generation. Welcome. Let me pick up on your quote. The world is more dangerous than it has been in a generation. Tell me what causes you to say that. Of sois the combination many different threats and uncertainties at the same time. We have the proliferation of Nuclear Weapons like we see in north korea. We have terrorism and turmoil close to nato borders, but also in our own streets. We have a more assertive russia. All of this together has created a much more challenging and difficult security environment then we have seen since the end of the cold war. Therefore, nato has to adapt and change to be able to manage and handle it. Charlie i want to talk about all those things. Speaking of the russians, what do you make of the workings they are doing in belarus . Wargames they are doing in belarus . Russia has the right to enforce its borders. We dont criticize russia for conducting exercises. The important thing is it has to be transparent. It has to be predictable. When there is m