of england back into the banks the debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can commies in negative territory they're living on carty farts they're living on corny parts here that's their entire economic so called growth. right to see. her street. and i think picture. on our reporters twitter. and instagram. the end of. this. so we leave that maybe. by the sea to secure in. your party there's a poll. question is that no one is asking with the guests that you deserve answers from it's all on politics only on our t.v. . police found his friend. in a rented apartment in this building. they died of carbon monoxide poisoning however they were just sees in the official version. of the deceased were not discovered in the apartment and was missing one shoe the mysterious death of the prime minister numerous room is and theories you will get. in the morning the authorities rush to say the prime minister died of carbon monoxide poisoning because of a fold with brady inmat

of england back into the mix the debts compound a good twenty percent a year or so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can commies in negative territory they're living on carty farts they're living on corny farts here that's their entire economic so-called growth. two years out of the force ouster of khadafi by nato forces would be a stance as the abyss the lack of a strong central government weak rule of law and endless violence in a country awash with weapons has resulted in libya facing a failed state status add to this the presence of islamic militants can things get any worse in libya they're doing whatever they want in syria these days and even the obama administration can do nothing to rein the saudis in and i think the sad answer is that the united states doesn't have the power that it once had it doesn't have the leverage that it wants tries to work through allies through international organizations and occasionally on a child and deal with the court of public opinion. the best america can bu

of england back into the mix the debts compound a good twenty percent a year or so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can commies in negative territory they're living on carty farts they're living on corny farts here that's their entire economic so-called growth. right from the scene. first trip. and i think picture. on our reporters twitter. and instagram. to be in the know. on the. it was a. very hard take. to get here a cat that had sex with her hair cut. live . a little. and. police found you and his friend. in a rented apartment in this building. they died of carbon monoxide poisoning were however they were discrepancies in the official version a. lot of did the fingerprints of the deceased were not discovered in the apartment and you suppose it was missing one shoe the mysterious death of the prime minister for numerous room is and theories you will get. in the morning the authorities rushed to say the prime minister died of carbon monoxide poisoning because of a fold with their brain and made

of england has increased our balance sheet by four hundred percent attempting to create inflation the federal reserve bank has printed truly and in truly is of dollars trying to create inflation. what they don't understand that when they print they actually cause deflation because of the certain. financial repression that occurs when you forced onto an economy hundreds of trillions of dollars worth of unpayable debt causing things like cyprus to blow up or for greece to blow up or for the wages in the u.k. in america to collapse that's all caused by the deflationary fact of money printing so now the new york times says well maybe we need a little inflation less prince more money this truly is the alan alice in wonderland moment i don't i don't know you know they are of no help whatsoever to having people understand that money printing causes deflation and therefore end the deflation is getting worse and more money printing is going to cause more deflation where you also may.

of england back into the mix and debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can economies in negative territory they're living on carney farts they're living on court a far two year that's their tirade konami still call growth. a look now at some other international news stories and greenpeace activists has taken its campaign to new heights france suspending himself from the eiffel tower in protest against russia's detention of thirty members of his organization hanging from the second story he unfurled a banner before firefighters brought him down two hours later last month a greenpeace team attempted to board arctic oil drilling platform they're still being held but russian special prosecutors this week reduced the charges against them from piracy to hooliganism. opposing demonstration groups have clashed in germany's capital leading to several arrests the trouble started winning right wing group turned out to protest against a new refugee shelter in berlin bu

of england back into the mix the jets compound a good twenty percent a year or so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on party farts they're living on corny farts here that's their entire economic so called growth. will go to the interest. thirty four can just spend over fifteen billion euros she says should each one just keep a million degrees with some token mark noll to cells from st petersburg to france the trouble in situ so. we've got the future covered. maybe those you don't know if you don't have a car you know response to really. everyone in my life that i cared about there. and then. i came askin well. i was national champion in track and field and also was able to go and qualify for the olympic games. you know nine hundred eighty eight i started to experiment with other drugs i had lost all the financial means that i. was really on the street. black market can. get a great. welcome back this is r.t. now nato member territory is coming under

of england back into the mix the debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on carty farts they're living on corny farts here that's their entire economic so called growth. sigrid lumber tour in two mccurry was able to build a new most sophisticated robot which on fortunately doesn't dorna found anything tunes mission to teach music creation why it should care about humans in the world this is why you should care only on the dog. you don't know if you don't panic or. i don't know if everyone in my life that i cared about they're gone and then. i came to skin well. i was a national champion in track and field and also was able to go in qualify for the olympic games. in one nine hundred eighty eight i started to experiment with that the drugs i had lost all the financial means that i. was really on the street. black market where i can. pick your brain can't drink keep. her for her. through all the great hopes for f

of england back into the mix the debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on party farts they're living on corny parts here that's their entire economic so-called growth. some of the sixteen percent imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. territorial waters they fish they load the fish into the ships and leave for europe . to day illegal fishing just taking the bread out of our mouths. they. were not psyched to active camps on a motorway where patients are forced to monitor amounts of their strike never turned the world's attention to the ways that something gulag of our times. another day and yet more damaging revelations that the case communications head coolth is still human sort of build the legs the g c h q went to to keep them must s

you know he wants brits to work for lower wages that's why the bank of england is so they're going to keep interest rates low in seoul employment goes higher that means that they want wages to trend lower to be on a par with china so that everyone employed but making subsistence wages used to be here subsistence farming used to be the rigueur economic model here in britain under the lords and ladies and kings and queens of the feudal period now they wish to return to that as part of meal feudalism so george osborne can be piggly wiggly georgie porgie putting a pod up on his throne making all sides of commandments all day long and not doing jack nothing well the other thing i want to point out is that he should look in the mirror and look what his government is doing because in china they are a command and control economy just like the u.k.'s command and control economy but the difference is that in china they have a sovereign wealth fund they also have a five year plan here we have a sovereign debt fund is the highest debt ratio in the world to g.d.p. . in the world and they also have

of england back into the mix the debts compound a good twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on party farts they're living according farts here that's their entire economic so called growth. and welcome to on the money where the business of russia is business. labelle in the aftermath of washington's school showdown where does the global economy stand particularly writers all the more so since watches poor third quarter results almost completely across the board have disappointing even the most conservative forecasts what does the government need to do to return the economy to grow. discuss this and more i'm joined by simon phantom fletcher use the portfolio manager and chief of front office staff at renaissance asset managers and we also have ben eris he's the editor in chief of business new europe ok ben let me go to you first enter the first quarter we have one point three percent growth in the economy. account for that is

of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand pounds so that they the taxpayer chump will put down the remaining fifteen percent pop up of the bubbly or is a perhaps a bottle of maggie maggie stacey what's going to max it's called our maggie it's a beer being sold at the conservative party conference they're tearing the return of the housing bubble pm triggers new house sales spree two hundred thousand get chance to buy as cameron starts twelve billion pound mortgage guarantee scheme next week prime minister yesterday announced help to buy scheme will start from next week three months ahead of schedule quote i will not stand by while hardworking people struggle to get a mortgage but critics say dangerous scheme will inflate the market well there's a couple things here one is as.

of england has increased our balance sheet by four hundred percent.

of england has increase our balance sheet by four hundred percent attempting to create inflation the federal reserve bank has printed truly and includes of dollars trying to create inflation. what they don't understand that will me print they actually cause deflation because of the sudden. financial repression that occurs when you. forced onto an economy hundreds of trillions of dollars worth of unpayable debt causing things like cyprus to blow up or for greece to blow up or for the wages in the u.k. and america to collapse that's all caused by the deflationary fact of money printing so now the new york times says well maybe we need a little inflation less prints of more money this truly is out in alice in wonderland moment i won't i don't know you know they are of no help whatsoever to having people understand that money printing causes deflation and therefore in the deflation is getting worse and more money printing is going to cause more deflation where you also mentioned defrauding in the opening and that's the our banking system is a black hole of fraud and the fraud is sucking

of england back into the mix and debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can economies in negative territory they're living on carny farts they're living on cordie far to their that's their entire economic so-called growth . a look now at some other international news stories greenpeace activists has taken his campaign to new heights in france suspending self i feel tower in protest against russia's detention of thirty members of his organisation hanging from the second story unfold a banner before firefighters brought him down two hours later last month a greenpeace team attempted to board an arctic oil drilling platform they're still being held but russian prosecutors this week reduced the charges against them for piracy to hooliganism. and these saudi women have got behind the wheel and are breaking the law with an online protest to get the right to drive and the islamic country over sixty of them posted videos on you tube in their third major stand for th

of england back into the mix the debts compound a good twenty percent a year or so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on party farts they're living on corny farts here that's their entire economic so-called growth. some of the sixteen percent imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. to enter our territorial waters they fish they load the fish into the ship. and leave for europe. today illegal fishing is taking the bread out of our mouths. look which also happens to go back to libya because for all the criticism that you have about russia and syria russia doesn't want to see syria explode everyone thinks it's russia trying to protect its friend is by geopolitical i just know it's about a region that could explode and they explode in a really vicious fashion the same way for me i do

of england said they're going to keep interest rates low in seoul employment goes higher that means that they want wages to trend lower to be on a par with china so that you have everyone employed but making subsistence wages used to be here subsistence farming used to be the do regear economic model here in britain under the lords and ladies and kings and queens of the feudal period now they wish to return to that as part of meal feudalism so george osborne can be piggly wiggly georgie porgie putting a pie up on his throne making all sides of commandments all day long and not doing jack nothing. finding love again coming up next that solid documentary about two very different individuals. and breakable. it seems like politicians can get away with anything nowadays but not all of them the former mayor of failed detroit has been sentenced to twenty years in prison after being found guilty of committing record tiering conspiracy fraud extortion and tax crimes while the mayor the prosecutors say he funneled millions of dollars to himself and family members all while detroit moved heads

of england back into the mix the debts compound a good twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on carty farts they're living on corny farts here. that's their entire economic so-called growth. to kick right on the street. first street. and i were being picture. on our reporters twitter. and instagram live. to be on the list on the. list along the money with the business over russia this. live. deliberate torch is on its epic journey to. one hundred and twenty three days. through two hundred cities of russia. really funny or do people who are sixty plus don't seem to live. in a record setting trip. here see your numbers for the. olympic torch relay. on r t r t. or now it's like two active camps. where patients are forced to live on the outer amounts of their strike never turned the world's attention to the place that some gulag marks marks. coming up on our t.v. the chancellor of germany is asking can you hear me now in light of

of england has increased our balance sheet by four hundred percent attempting to create inflation the federal reserve bank has printed truly and includes of dollars trying to create inflation. what they don't understand that well many print they actually cause deflation because of the sudden. financial repression that occurs when you. forced onto an economy hundreds of trillions of dollars worth of unpayable debt causing things like cyprus to blow up or for greece to blow up or for the wages in the u.k. and america to collapse that's all caused by the deflationary fact of money printing so now the new york times says well maybe we need a little inflation less prince more money this truly is al in alice in wonderland moment i won't i don't know you know they are of no help whatsoever to having people understand that money printing causes deflation and therefore in the deflation is getting worse and more money printing is going to cause more deflation where you also mentioned defrauding in the opening and that's the our banking system is a black hole of fraud and the fraud is sucking in

you know he wants brits to work for lower wages that's why the bank of england said we're going to keep interest rates low in seoul employment goes higher that means that they want wages to trend lower to be on a par with china so the job everyone employed but making subsistence wages used to be here subsistence farming used to be the do rigueur economic model here in britain under the lords and ladies and kings and queens of the feudal period now they wish to return to that as part of meal feudalism so george osborne can be piggly wiggly georgie porgie putting a pod up on his throne making all sides of commandments all day long and not.

nine percent growth and higher if you put them off the balance sheet like on the bank of england back into the compound at twenty percent a year so three percent a year in g.d.p. growth you. no it doesn't need a discount for the actual inflation number the fact is you can count me in negative territory they're living on party farts they're living according farts here that's their entire economic still called growth. see good leverage sure. was easy to build needs most sophisticated robot which all unfortunately doesn't give a darn about anything tunes mission to teach creation why it should care about you and. this is why you should care only on the. welcome back this is our nato member turkey is coming under fire from its allies for considering a multi-billion dollar military contract with china anchor is holding talks with a chinese firm to co-produce a missile defense system however the u.s. insists the deal is incompatible was unable to fans framework analysts dr hussein bagchi explained what's motivating turkey. to come. it's all the americans control the entire through from if i

of england back into the mix and debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can economies in negative territory they're living on carny farts they're living on cordie far to where that's their tirade going to mc so-called growth. never dill they're on the kaiser report that's for sure in a few short hours georgia will be going to choose its next president and up next r t we profile the country's turbulent ten years under mikhail saakashvili. it seems like politicians can get away with anything nowadays but not all of them the former mayor of failed detroit has been sentenced to twenty years in prison after being found guilty of committing record tiering conspiracy fraud extortion and tax crimes while mayor yeah the prosecutors say he funneled millions of dollars to himself and family members all while detroit moved headstrong towards the bankrupt state it is in today this is big news not because some mayor took bribes but because he got punished the judge who co

of england the i.m.f. and from economists around the world that the program will destroy the u.k. economy despite the warning greater fools are lining up to put just five percent down on a property worth up to six hundred thousand barrels so that they the taxpayer chump will put down the remaining fifteen percent pop up with a bubbly or as a perhaps a bottle of maggie maggie.

of england back into the mix the debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on carty farts they're living on corny parts here that's their entire economic so-called growth. will go to the interest. show thirty four can just spend over fifteen billion euros he says to each one hundred fifty million degrees with one token mark no cells from st petersburg to france the trouble in such a song. we've got the future covered. yes exactly proposed ten they are in moscow reporting tonight afghan soldiers been killed after he turned his gun on the international troops he was serving with a military base near kabul at least one nato soldier was injured there too to discuss what's going wrong here let's talk to a path is non research fellow at the university of rhode island deepak hari thanks take the time to be with us tonight october alone see for similar instances like this soldiers turning guns on fellow colleagues why i

you know he wants brits to work for lower wages that's why the bank of england so they're going to keep interest rates low in seoul employment goes higher.

of england back into the banks the debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can come to me in negative territory they're living on carty farts they're living on corny farts there that's their entire economic so called growth. you know. everyone in my life that i cared about their gold mine and then. they came to skin. i was a national champion in track and field and i also was able to go in qualify for the olympic games. you know nine hundred eighty eight i started to experiment with other drugs i had lost all the financial means that i. was really on the street. black market. great. interest. two years after the force ouster of gadhafi by nato forces libya stands at the abyss the lack of a strong central government weak rule of law and endless violence in a country awash with weapons has resulted in libya facing a failed state status after this the presence of islamic militants can things get any worse in libya. earlier this year an unprecedented trial by the c

of england back into the mix the debts compound at twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can count me in negative territory they're living on carty farts they're living on corn a fart there that's their entire economic so-called growth. will come to the true. show thirty fold can just bend over fifteen billion euros the full truth that says should be one hundred fifty million degrees with one token mark to sell from st petersburg to france the trouble is such as the song. known to you all day we've got the future covered. one of the wonderful. pleasure to have you with us here today. some of the sixteen percent imports came from illegal fishing. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action. the. waters they fish they load the fish on to the ships and leave for. illegal fishing just taking the bread out of our mouths. rightmost to. search for.

draw the money. >> brits have the bank of england. something has to get done here. >> senator nelson aldrich some of new york's most powerful bankers made an island off the coast of georgia to make plans for a central blank bank. traveling under false names the great secrecy of this extradition would foster conspiracy theories for decades to come. >> why would they give false names? is>> it was thought we had two central banks in our country 1791 and 1826 and we got rid of them because it was felt they would effect the political connective. >> the leaders decided to stimulate the economy. >> the roaring 20's saw the boom and bust. at first the low rates indiana tensionnally helped fuel stock market and debt bubbles alarmed fed and raised rates aggressively in 1928. it saved recession and stock market crash. >> fed chairman ben bernanke said we did it. we caused the great depression we won't do it again. >> the lesson the fed needs to learn is that it needs to back out of markets. it needs to allow it to move more friday ry. we can man

of england back into the mix the debts compound a good twenty percent a year so three percent a year in g.d.p. growth even though it doesn't even discount for the actual inflation number the fact is you can i mean in negative territory they're living on party farms they're living according markets here that's their entire economic so-called growth. speak your language. programs and documentaries in arabic it's all here. in the world talks of the interview intriguing story for you. visit. and welcome to the money where the business of russia is business i'm peter lavelle in the aftermath of washington's fiscal showdown where does the global economy stand particularly russia's all the more so since russia's poor third quarter results almost completely across the board have disappointed even the most conservative forecasts what does the government need to do to return the economy to grow. you discuss this and more i'm joined by simon phantom fletcher he is the portfolio manager and chief of front office staff at renaissance asset managers and we also have ben eris he's the editor in chi

unemployment rate is now a key knockout for the bank of england's forward guidance. on the currency markets, again, we haven't done an awful lot in the last 24 hours. euro/dollar, still at 1.35 handle. 1.3530. dollar/yen, 98.30. aussie/dollar held on to the gains from 95.72 after it appears the rba isn't in any rush to cut rates further. sterling reclaimed that mark despite the unemployment data i was just talking about. that's where we stand during the session right now in europe. let's recap that asian session. sixuan joins us out of singapore. sixuan. >> thank you for that, ross. it's a mixed bag for asian markets. while investors are hoping for an 11th hour deal in washington. the nikkei 225 ended higher by just a modest 0.2% with a slightly weaker yen lending support. meanwhile, china markets under pressure with leading losses on fresh property curves. the shanghai composite lost almost 2%. south korea, kospi ended lower by 0.3% despite a foreign buyers frenzy for the 34th straight session being the longest buying streak in kospi's history. now for some big move

there are no women on the european central bank of governors, the same for the bank of england, by the way. >> yes, and it tells you all that you need to know about the capacity for western european while saying that they are all- inclusive. it is interesting that you take one woman that you think of immediately, and that is christine lagarde, who forked twice the entrance exam to the french -- who flunked twice the entrance exam to the french school for executives, and she flunked. she decided she had enough. she read law and became a lawyer. she is with an american law firm, the and she became the chairman, and this is how she was brought back, first into french politics and then to the imf. this is somebody who basically fled from the structure of how you get to power in our countries. that is very interesting. we should not forget that janet yellen has been ushered in at the fed. she was not the first choice. the first choice was larry summers. larry summers is controversy all, he is more right wing, less left-wing than other people who were being considered, so obama's choice woul

it is the bank of england. european central bank. especially the bank of japan, that are injecting massive amounts of liquidity. it is finding itself into all sorts of asset classes especially into emerging markets. we have housing bubbles here, hither and yon. the u.s. cheryl: europe. david: john this, is television. we only have couple minutes here. >> i'm sorry. >> hold on a second. i have to cut to the chase, the first question, so what happens when it all goes wrong? >> we have another 2008-2009. it will be different in nature. but what the fed is doing creating a minky moment. instability, more things are unstable, more instability we'll have the at end. the fed is trying to manage the cycle. they don't want to let anything go up and down. we now have a third mandate for the fed. it is the stock market. bernanke's essentially said, and this is my call. i'm responsible, market says, yes, yes, please give us more of that. cheryl: you're forecasting market will take that. >> oh, sure. cheryl: what about currency markets? >> depend

of its eight owned and operated affiliates. >>> the bank of england is taking to twitter to directly inform the public. central bank's chief economist answering questions on monetary policy and forward guidance this morning through its twitter account. sign of the times. and that is today's "speed read." liz? liz: ab-j stations with the -- abc stations with the circle 7, "eyewitness news." goes back to the '70s. thanks, david. >>> this is interesting. when steven spielberg called for implosion, his word, implosion of the hollywood blockbuster everyone took notice. betting big and taking risks may be key to success of in blockbuster. companies are behind them in publicly-traded stocks. joining to us break it all down, first on fox business, anita albert, one of the most popular professors at harvard because she teach as course on entertainment and author of this book, "blockbusters, hit making and risk-taking and risk of entertainment." we have to jump right to it. was this an outlyer? i'm thinking lone ranger and steven spielberg looked he was on to something? >> it was not an outlye

one of your bank of england governors said yesterday, we're not touching things until we know sustainable growth is here. >> central banks will remain accommodative. that is what is providing this flow in markets, supportive markets. because people are cheering weakness because it's a sign that support's going to carry on, but it's weakness and masking the pain. >> the fundamental story is weak. good to see you. >> you better get up there. they may be ringing the bell in any moment. >> ten minutes before the closing bell sounds. rung by jemma in a few minutes. the dow jones down 5 2 points. >> when we come back we have starbucks and facebook reporting earnings coming up after the bell is rung tonight. we'll have numbers, instant analysis and all that. plus a preview coming up. busin: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as

. >> speaking of which, rick, you know, the bank of england, mark kae kearney said they are not going to tighten their monetary policy until their economy growth is sustainable. in is a global refrain. we're flaerg a lhearing from a central banks. >> i had a noble-winning economist on and he looked me in the high eye and said, qe is no big deal, they can reverse it, it's a ledger industry. when he said it sounded like a bear stearns issue statement. buying long-term treasuries. if a nobel laureate economyist doesn't see the danger in that, i rest my case. >> very good. thank you, folks, for your thoughts today on the markets. appreciate it very much. >> we're in the final stretch. we're in the final stretch of a rip roaring day on wall street. 50 minutes until the closing bell sounds for the day. a market that's strong. up 88 points. looks like we're losing some momentum here. s&p 500 still alive and well in record territory, bill. >> dow needs another 20 points -- >> if you like your health care plan, you will be able to keep your health care plan. period. >> we now know that promise

we know that the bank of england is going to be given a kind of oversight role. that will be next year. what we're 2350i7b8ding out tomorrow is how will the government charge banks for this service, for this insurance service. there that fee be passed oorch to the consumers. there's a lot of kickup will consumers be able to afford it. if there's a load of back ended fees -- >> mortgages add fees onto the loan. they add fees onto the loan. the point is if you listened to david cameron, despite warnings from business secretary, a safe distance about an seat bubble, it's in order to make sure that they get on the mortgage, that 20% deposit is una for the bubble. >> we're going to make it more expensive which means you'll need more money for your 10% deposit. helia, not that that was you, thanks very much for joining us. >>> now airbus has turned the tables on boeing winning its first ever order with gentleman pachb airlines to sell 31-a 370. earlier we caught up with the ceo of airbus. >> went through a heavy restructuring which was by the way a very successful turn

of england is going to have to consider running at such low interest rates for such a longered prd of time. >> let's take a look at iron ore producers. rio tinto is closing 2.5% higher in australia today. the mining major reported a report iron ore and call output in the third quarter along with rising copper production. a big mine in mongolia is pushing up capacity levels while it remains on track. the cfo made cost cutting a priority and the firm says it should beat its target of $750 million from its exploration budget this year. jon, good evening. thanks for joining us. yesterday, we heard from china. they had record iron ore imports. does this mean that these guys are coming out of the weak spot? >> well, i guess it does, ross. that's the true test. and, however, i've never been a believer than china was really in a weak spot. it's a little misleading when we compare year on year growth now and say that, you know, when it gets down around that 7.5% or 7% yearly growth that that's a calamity. and the numbers are massive and it seems to me to be floored to compare what's coming fro