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sell equities, buy treasuries. sandra: robert is saying it s an inflation play, he previous because we have the tight labor markets that inflation is not going away any time soon, there are others, a lot of the headlines are suggesting this is fear that the fed who is trying to tackle inflation is going to drive us into a recession or for those who believe we are in one, a deeper recession. yeah, so sandra, this is the rock and this is the hard place. and that s where we are between those two right now, and the question is which direction do we go. so, on the one hand, this is a result of the build-up almost 9% a few months ago. trying to drain that inflation out of the system, what the fed is trying to do. what robert is saying, if he s right the rate goes up to 5%, it s going to take a lot of the wind out of the sails of the ....