year. That used to be on average 20% of the flow of global savings prior to CO. And so we've doubled the the the the demand for capital. The US Treasury has doubled its demand for capital. And and obviously in a world where there's not an infinite amount of capital, it's draining resources from the bottom of the K-shaped US economy. It's obviously draining resources from around the world and it's causing more inflation. and we just have a a persistent supply shock uh for capital and a persistent demand shock for that capital from the treasury and this is causing all sorts of outcomes.
It's obviously draining resources from around the world and it's causing more inflation.