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The Impending Credit Event?
Timothy Stanley: We had all of these failures that seem and our time is a flat circle in the age of social media, but. Gosh, Jack, this was probably three, four months ago, right? That this was all happening. So what's been going on since then? And I guess the question that I ultimately want to sort of lead you to is do we have an impending credit event? Chair Powell has commented that stress in the banking system is equivalent in a sense to an additional rate hike because banks will be less willing to extend loans and credit. He says fundamentals relative to March 10th or March 12th are a lot better than the fears, the worst fears at