torch paper’s been lit again on a 50 basis point card Max Kenner is with us this morning HSBC Danny Berg is with me as ever where did the 50 basis points get fued up from again just days away from a central bank decision and we’re still debating this the Ft the journal both out with pieces saying the debate it’s real and alive Max is there really a debate here between 50 and 25 I think it’s more a debate for the rat people for the economist if your long equities what really matters are the earnings and what matters is are they going to cut or not and they are they have told us they cut that’s the important thing and the really important thing is what’s happening with the earnings what’s happening with activity and that’s holding up and this is why you say still full Bull on us equities over other assets absolutely uh we just increased actually our us Equity overweight after that slump last week simply because the earnings expectations for Q3 are still really really low really not very challenging to beat so therefore you’re running into a setup into the Q3 reporting season with a very low bar to beat so you’re going to be on blimber brief rather than surveillance n yeah of course there you go