The Liquidity Issues in the Guilt Market

The liquidity is this fun-tome thing that people talk about, and it's really hard to characterize. We know when there's a lot of money being pumped into a system and that supports the market, we know that tends to then result in a competition for capital. Some of these dynamics are mentioning the same dynamics in the US, same in Europe, and a little bit in Canada and Australia as well. So the UK is not an exception here. It's a global phenomenon as well.