now, i have this existential gary friedman. mean, honestly, gary, i love gary gary is the premier merchant of our year he did tack on some of the old stuff about the silver spoon, but -- and he makes a lot of sense. the issue i have with gary is he's the foremost merchant of the greatest quality mass production, to some degree, of our era. i just want to shake him and say, gary, don't forget who you are. you are making unbelievable things don't forget he talked about the great british -- i want to go see the tremendous british program he has. it's still so much fun to go up. >> yeah. >> he opines on things he has every right to do it, but he has to remember the core mission and he can't get too negative the stores are gorgeous. there is enough money to buy his things the prices are reasonable. he doesn't have the big problem anymore with china but he starts talking about jay. if i want to hear a jay thing, i'll go to mr. wilson. >> absolutely. so what about the shares at this point? >> he talked me out of it. we're doing a piec

pretty darn grim >> the house of pain >> so the numbers were not good at all and yet somehow gary friedman'snitial commentary in the conference call was even more negative than the numbers. in his prepared remarks friedman said the persistent inflation was having a very hard impact on the luxury housing market which in turn impacts rh when you throw in the damage from stock market declines and the recent banking crisis he expects the industry and i'm going to quote, "likely gets worse before it gets better. in difficult times like cheese is when the cheat is separated from the chaff so to speak he said companies are tempted to adopt short-term plans that lead to mostly similar outcomes sxep made it clear that rh would not be doing this. instead he plans to forge ahead with the grand luxury ambitions that the company has been communicating for the past couple years that 17th century estate in england. luxury hotel -- luxury guest houses private planes, yachts and eventually the sale of fully furnished luxury homes, condos and apartments friedman said it's not for the faint of heart but also a