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Is a broader inflation story. you talk about the weakness in the chinese equity market, the market is succumbing to austerity measures designed to control inflation. >> what is the bank's view on china inflation? i think shanghai was down 17% in 2010. so obviously, there's been a sell-off there. it continues in 2011. how far has this sell-off got to run? >> there's really two questions there. there's the market question, and there's the inflation question. the inflation print at the end of this week is likely to be down for the november number because of pricing controls. we then expect inflat...

Seniors. social security is broke, too. and not creating jobs and not getting out there to shop. >> sally is making a point about the consumer and negative affect on the consumer with the reards. and small owners are clear. they said that regulations is not hurting their business. what is hurting is the lackk of consumer demand. we know they are sitting on two trillion in unspent capitol. they are not creating jobs. taking the money out of the hands. will hurt the economy. >> that is a regulatory debate. but take the same market question . we have not seen a true reaction to the fight in was...