The Importance of Industrial Policy in the US

During the Vimer it turns out that real estate was not a good play in the in what I mean it better than bonds for sure. It's impossible that the world is shifting in terms of the rents that our economies can support given we have these geopolitical or and geopolitical objectives. Big sort of tectonic plate type structural shifts can have a big impact over time. That's nothing we would not have been talking about five years ago, let alone 10 years ago.