What the world needed was more regulation of regional banks, not less. I think this would have been a one week run rather than a two day run without the Twitter. That institution was fundamentally insolvent and fundamentally insolvent institutions need to be resolved. And when there are fairly big institutions that can't take place without sending shock waves that then affect financial stability more generally. So it would have happened no matter what. It's very likely that we'll get at least one of stag or flation. How likely is stagflation from your point of view? I think it's a real risk from here.