The business cycle of the global liquidity tend to be about every 4 years. >> [laughter] >> Uh well, 4 years ago, 5 years ago was the last time that we kind of peaked. Are you worried at all? >> Uh concerned, but not worried. That's the way that I would put it. >> the difference in your mind? >> that there's a, you know, I don't think that we're going to have a radical war on inflation that, you know, causes true a real spike in interest rates from here. I think that there might be another hike and then it sort of settles
>> that there's a, you know, I don't think that we're going to have a radical war on inflation that, you know, causes true a real spike in interest rates from here.