The 10th Re-Inversion of the Core CPI Number

I would imagine that there's a fair amount of risk appetite that's been sucked in with this. Silicon Valley Bank looks like it's out there being pretty aggressive. I don't know how much they're lending on the other side. The widest it's ever been was 1.32 or the steepest it'sEver been 1.32. And today it's 1.32 again. It's the second, it's the second reading and it's the steepest since 1992. Oh, man, it's crazy. Jesus. Every other one has had a pretty nasty recession that's followed. Everybody's saying it's not going to happen this time. That's kind of how I feel

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