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Lying about and that was the the dud rate could have been as high as 10% but the us now say it is down to around 2% but we don't have the facts on that. the reason so many countries are signed up to it is the long term lag effect they have on civilians once conflict ends. children, sometimes a small bump of the yellow tag on them, they see them as something curious and then they go off. —— a small bomb. the ukrainians have asked for these, they are not signatories. russia has used these cluster munitions already in ukraine. parts of ukraine are very heavily mined already and this of course...

Charles. hinting it's a possibility. they have been what they call data dependent so as news comes out, they make adjustments, i will say over the last going back to last friday. you had three key members of the federal reserve suggest last friday last friday austan goolsbee talked about golden path. fed members as well new york fed president also sounding optimistic. the economy is long, we know as that happens that inflation will start to pull back on its own and there is this lag effect. imagine the proverbial snowball that becomes a bolder. all the hikes they did almost a year and a half p...

Where do you see us going from here and you mentioned the fed, dave. are you worried that jay powell will go too far? that happens to be a major concern of mine. >> mine too, charles. you and i have shared this same concern the last six months. if you look at where the jobs were at, education is, government and healthcare, are you -- in what world does an interest rate of .8 or quarter point change that hiring rate? what we need to look at are the sectors that are sensitive to interest rates. those sectors did not have very many jobs. so i am praying that the fed sits on their hands, steps pla...

Be re-elected? it certainly feels like _ be re-elected? it certainly feels like a _ be re-elected? it certainly feels like a risky _ be re-elected? it certainly feels like a risky strategy i feels like a risky strategy considering many people still believe the us could fall into recession later this year under the pressure of very high interest rates and tighter credit conditions on the back of the kind of mini—bank crisis fallut from the second quarter of this year. of course, he noses that people care about the economy and hat this point in time we're still seeing strong resilience within ...

Momentum of property sales and then the second is infrastructure spending which tends to help lead the recovery in the early stages and has been very slow to get going and the reason for that is local government finances have just been stressed. the implementation of the zero covid infrastructure last year was very expensive. for a lot of local governments there is still —— they are still in repair mode so the lag effect of monetary policy and fiscal policy into the economy is slower this year than in prior. in other news this morning, us presidentjoe biden has unveiled a m2 billion plan t...