The markets haven't gone down since november. Is that because of thisimeninor you're alluding that i's not the quantitative tightening, kind of the supply shocks that have been hitting the economy post covid and also the war with ukraine. The answer is psychology. If i'm feeling good and i go out to dinner to night, ad drinks on me and a you know, i'm spending money left, right? That's one state of the world. But if i'm staying home watching t b, keep my money in the bank, my velocity is zero. In that example, i always remind people, people worry about the money supply. I

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