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-- -- I think Gary Kerry was out of Raleigh put other federal.
OK let's finish -- thought about interest rates and what happens eventually when the Fed -- of which you believe will not happen in 23.
T I don't believe what happened I don't know for sure none of us know for sure but it feels to me much more like if 141516.
And what I was saying before is you know look the inverse correlation between -- prices and interest rates.
If people need liquidity prior to duration prior to the end of their bond maturity they may be surprised to find out they don't get a 100% of the principal back and I am very concerned about that.
We don't get many opportunities to speak to that the guise of Goldman -- you know you guys have been pretty busy -- during.
The past couple years but as you sit here I I don't think a lot of people -- a lot about you are from Cleveland Shaker Heights.
On top of that -- -- was of electricians your first job was at what US steel.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- There's a long way from site selling vinyl siding yeah out of -- -- you've done quite a bit here.
Let's talk quickly about commodities -- with that bring that you have but do you think that.
Much of them the metals world is driven by China and if so how healthy does China look at this point.
The metals were public all the money markets are driven on supply demand fundamentals.
China has been the big demand market for the last decade as -- still.
It's still will be the big demand market -- is China grows.
The man will grow commodity prices will increase I think for the short period of time -- we -- some type of equilibrium here.
We're supply has grown into demand.
And so for some period of time until we get some further economic growth in the world.
I think commodity price -- to be relatively stable at these levels but ultimately as we continue to get economic growth we continue to build the middle class around the world we will see higher.
Money -- As we finish up another thing people might not -- that you've been at Goldman since 1990.
I'm sure feels very much like called -- The ultimate succession question everybody asks even Gary.
-- even Charlie Gasparino -- -- he deserves it if Lloyd believes that is that a -- would want the top job the CEO job eventually of course.
You would want it has it been telegraphed do you think you can -- Look I am very happy doing the -- -- do I have a great job I get to be with you so I have a great job if I did it come to 101000 small business graduation to talked at 36 entrepreneurs were really changing America I get to spend time with the corporate leaders of the world.
I have a phenomenal job I'm very happy doing and and Goldman is your home Goldman is Michael and as we finish up Cleveland really is your home you were trader at heart.
You got a better bet on the Brown's going to the Super Bowl 2014.
What I did I can't get him to support the crowds -- that I am browns fan.
I'm also an Indian spin I've suffered for a longer -- we all we've -- hey are we suffering together we -- -- -- all right Gary Conn president and chief operating officer of Goldman Sachs David is also.
And as you know -- never let your emotions affect your investment decisions he's very easy I don't -- now he's right on with that -- gotta love the -- you don't bet on them Lazare.
Just don't -- that don't -- me for a ticket if I make it okay.
The line parent.
Please let me and Liz -- -- Gary Cohn thank you very much well there's.
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