rate and the risk premium and that is what determines the costs money to a company to a particular burra and that is what determines the cost or i should say the value of these financial assets so from the investor standpoint if the signals are wrong and if investors are putting wrong values on virtually all financial assets then we are having tremendous misallocation of resources right now that is very difficult to see in real time but that can have devastating consequences probably would have different devastating consequences when prices return to their librium from the standpoint of regulators they're not seeing the real cost of funding and so where they perceive they may have room to borrow more and where they perceive they have let's say a rope to go down and stimulate the economy with more borrowed money in fact they may not have room at all but that is not apparent because they're seeing very low borrowing costs and they think that they can afford to worry more money and to fund the stimulative projects now as we can see with spain it is running out of room and it's now the cost