i said global head of real estate for blackstone group, which is the world's largest private equity manager. so one of the market you went into was a single family homes. and i know you have a big portfolio at 50000 or yes. so how do you even find 50000? yeah, the buyer. you need a, a global financial crisis for that to occur. you're sitting around in 2011. you're saying, where is there a large pool of assets that are going to be sold by financial institutions at big discounts to underlying replacement costs. and it was pretty obvious. it was single family homes would spend $25000.00 or so fixing him up. and then let's random out and make income producing assets out of them like an apartment business, but just not in one large complex, but if we do it in enough scale, i was just poking around, trying to get my head around some of the stuff around hedge funds and buying app distress, mortgages and all of that. and i went on to the blackstone website i, i've worked with bruce for more than 20 years. he's an advocate and i think so differently than anyone i know. so basically buy up a whole ne

blackstone group said earlier this week that the fed will need to go on a line -- on a longer tighteningle and rates could go as high as 5% to control inflation. we speak about inflation and web blackstone is doing to prepare its portfolio company for the recession. >> what we have always been doing is talking to our companies and our people hear about the changing environment. we have been highlighting inflation for some time. we are obviously talking to our companies about the slowing economic environment. although many of our companies are seeing real strength on the ground. technologies traded off a bunch, and yet our enterprise software companies are doing quite well. i was talking to one of our big ceos and he was talking about the strengthen his business. so, we are telling companies to be mindful of the environment, but it's still decent on the ground today and there is an awareness that they are slowing. i think companies will show restraint, but as i say overall, a picture is still mixed and there is still a fair amount of economic momentum. >> what about inflation? there is a