we are joined by joe moglia. he is the former chair and ceo of t.d. to kind of tell you that? >> i think i'm seeing -- we've all seen a whole lot as far as this goes. if you have gone back several months, just the simple fact that inflation, we don't think about it we talk about inflation all the time it doesn't impact our lives that much and the people on the show that much but it impacts the average family in our country. out of 70% of our countries would fall into a middle america type of designation and at the end of the month, they have trouble -- that typical family, and a lot of those are people i know, friends, they don't have enough discretionary income to pass that around that tells me they're already in a recession regardless when we have the economic data associated with that. >> because real wages have dropped. >> yeah. yeah yeah >> watching the earnings season, look, right now we're worried about what we're hearing from some of the tech giants in particular and that's affecting the nasdaq today if you have slower growth, that is obviously