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are still very far away from a below Trend and even recessionary-like state in the economy and so the reality is if youamp;#39;re trying to allocate Capital to what you perceive to be distressed entities at this particular phase of the game you have no idea the full range of distress that could come upon those entities in an actual recession again this is an economy that is still growing technically speaking above Trend when youamp;#39;re looking at a nominal and real GDP basis that wonamp;#39;t last if you look forward three to four quarters but again for now itamp;#39;s itamp;#39;s too soon and I think czamp;#39;s doing the smart move which is what we were talking about earlier in the macro minute heamp;#39;s making the smart decision by sort of backing away and trying to fully assess you know the all the range of the probable outcomes Associated here because thereamp;#39;s no way he understands that without a recession on the table
