this company has as many touch points
with the real economy as any in America
trillion dollars are almost in loans
you've got 60 200 branches maybe more
than that by now what do you see right
now actually the economy is
fundamentally strong but the strength is
regional so we've regionalized the
country from an economic perspective and
what I mean by that is take the bay area
for example it's a strong here as I've
seen in my 13 years so I mean housing is
booming technology is booming Commercial
Real Estate's booming but if you go 100
150 miles to the east and the south into
the Central Valley you would not see
that same strength because the it's
based on what is fragmented so it's
fragmented but you can't argue with a
5.1 percent unemployment consumer
confidence up autos booming I mean
there's there's partially company are
strong the biggest risk to the US
economy is what's happening outside the
US and that's something we can't control
can't control that where are we in the
credit cycle well from most of our
credit products we are clearly at the
best yes yes I'd and that close to the
top well whether you call the top of the
eeo the bottom on lawson's the top on
quality and you go through the cycle we
should not expect you know to charge off
a third of one percent which is where
Wells Fargo has been the last year or so
where you're going to be a year from now
well I don't know i think you know you
can't ever tell surely the energy area
is more challenged today but real estate
is such a big driver for us that if real
estate continues to improve which we
expect it will that's a big driver for
our critical