absolute, iteld is is low, so people have to go out the curve. i think you are seeing the curve of flattening because we are seeing a little more inflation. that is why you are seeing the yield curve the flatten. lisa: you think people are misinterpreting at? >> it is not inverted. lisa: do you think the -- of the curb -- the curve could invert and then your time. these -- of the curve is going to steepen a little bit going forward. to get perfectly flat, we would need to have an imminent recession. if you look at consumer balance sheets, they are extraordinarily strong. consumer spending should hold up even if we have stocks -- have a shocks to it. it is the biggest piece of gdp do have decent growth going forward. no recession soon. >> we would agree. we look at the underpinnings of what is going on with the yield curve. it is emblematic of this disagreement of the investor community has had with the fed. i think the market is interpreting that, particularly some of the comments that came out from fed governors earlier in the week about that wo