taken proactive action as we've seen. they're looking at prices, prevent hoarding and try to have a market where most can get access. >> with limited access. >> i would say it's been effective so far and we'll probably see inflation peaks in china and else where in the region sometime around the middle of the year. >> okay. inflation as we've talked about many times, it's very present in asharks becoming more so in europe and there's talk now of pickup in the u.s. how do you play the inflation story? >> it depends how it plays through. the story is as it increases they'll start to moderate some of the enthusiasm they've had. as we see in this region it's been about mutual investors was to buy bond funds that have been