The Effect of Higher Interest Rates on the Economy

There's really no evidence that higher despite the fact there's higher financial income over the last year. The economy is going in the other direction. And who is holding most of these debt instruments that are getting paid higher rates and we're talking about pension funds and insurance companies. That's exactly the most productive sectors of the economy. But even you're saying it goes to what to asset to asset class like to just into assets not necessarily into the economy.