The Demoralization Process Is Getting Closer and Closer

We're in the middle innings, let's say, of this demoralization process, or i think we're still in the early stage near. You see it when you look at the liquidity and what it' spilled over into. Real estate is the big example. And we've also seen it spille over into cryptoc currencies and and nfts. Non funt toke, it seems like a lot of the risk assets, de w realief, seemed to peke early.