The Next Intense Stage of the Crisis

Right now we're sort of, you know, crisis are never, they never go in a straight line. There's always ebbs and flows. There are always incremental stages. We got the first real indication that things were going bad last fall, September and October. You'll see yield curves that are less extreme. But the crisis is still there. We just can't see it as much. It's not as urgent today as it was several weeks ago or a couple months ago.