Are We Seeing a Capital Deepening?

The reason why inflation is high at the moment is probably also very important for cyclical reasons. We need to get down with inflation towards two, but it is certainly a long road we have ahead of us. Do you aggregate your economic analysis or as you mentioned technology? Are we now a polarized America, a polarized Denmark, a polarized world of the technology haves and the technology have nots? The main implication of that of course is what impact it has on inflation.