The Liquidity Drain From T-Bills

There's been a very robust conversation about liquidity, right? And now that they're going to start issuing a ton of bonds, there's going to be this huge sucking sound of liquidity coming out of the market. Is that something that worries you? Stan Druckenmiller was talking and saying around Nvidia and just saying like, listen, I don't know that this feels like a three month thing or 10 month thing. This feels like maybe this is a trend where we're looking at for years.