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Historically, we have never seen oil prices come off this far, this sharply without seeing a production response of a significant magnitude.

I think banks are going to have a very tough goal of it.

And the only way you're going to make money over the next 12 months is to trade them.

You wonder whether there's now a case beginning to be built to say we need fiscal stimulus around the world and

maybe the IMF should begin to help that process.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

Good morning I'm Michael McKee, along with Tom Keene and as promised, Citigroup has reported

and they have reported as we suggested they might better than the

estimates of analysts coming in at a dollar ten per share. The consensus

forecast was for a dollar three revenue of 17.6 billion dollars

is a little bit better than the 17-5 that analysts had thought they might do.

The story in the headlines at the moment seems to be pretty

...