Week spectacular change of policy. Good morning, everybody. Welcome to the pulse and welcome to davos. We are live from the World Economic forum right here in switzerland. And it is i would like to say it is warming up. You are an optimist. We have a lot of ceos here. They see some positive things. They see the oil price having an impact. They see easy money continuing for longer. They are focused on what is happening with the ecb. I think oil is the real standout story. For me, it is indecision. Last year, the participants seemed to have a better handle on the situation. Here, they are more lax. There is a lot of uncertainty. The same for keeley. They cant figure out the impact. The pace is what is confusing them at the moment. The oil price has come down so fast. The swiss franc went up so fast. That is what freaks them out. There are a few black swans flying over davos. It is going to be interesting to get a take on that. South africas Central Bank Governor is going to be joining us