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Bloomberg. Sven of Lake Coma. We welcome all of you worldwide today. What we know is there is a

pin drop when Muhammad Al-Arian speaks of game theory. The game theory right

now has never been more complex between politics, economics, and indeed finance as well.

Francine and I were up at 5 a.m. having four-ple expressos over the eight themes we would talk to Dr. Larian today.

I want to go to Davos.

Why do you never go to Davos?

Why do we never see you there?

Because I prefer the small gathering, honestly.

Okay, fine.

The theme of Davos was, the European banking system has to clear themselves

and they can't clear themselves because of negative interest rates. Was Ken Rogoff right?

There'd be a point where negative interest rates would not be efficacious.

...