money into the economy. a lot of people think that's a band-aid over problems. it's kind of like the tide. as warren buffett once told me, when it pulls out, you see who's been swimming without their shorts on. i suspect that if we get a more serious correction, we'll see exactly that. >> so you've got on the macro prudential side, yes, things are considerably better. there are a lot better buffers, all these sort of things. however, however, if you look at the debt levels and the rising debt levels, consumer debt, credit card debt, auto loans, they have been rising once again to worrying levels. and the feeling is that the credit worthiness of much of this debt they have learned nothing from it. so yes, we saw some numbers recently in fact in the banking numbers. if you look at nonperforming loans and loans expected to nonperform, they have risen.