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Is It a Treasury Market or Unemployment?
I think a little bit of it too is when you look at the surge that we had in asset prices following COVID. And they're like, all right, well, I didn't have this $100. So now I can go do whatever and I'm going to go spend it. The first time I had a sense that the Fed knew it was a problem was back in February this year When you had Zoltan and then the credit Suisse and then you had Bill Dudley, the former New York Fed president, both say we need to crash stocks to get inflation down. It was like, they know, they know that's what's causing it. That's why it's