jonathan: a bit of disruption on the line with james sweeney. s, what we are going to do, we will reestablish the connection. hopefully we can get you on the phone and get a cleaner line and pick things up where we left things off. the story at the moment is not just about predicting what this economy looks like in the coming months. parts of the economy are in different places already. we talked about this with -- we will talk about this with emily roland of john hancock next half-hour. tom: i am glad you mentioned that. jonathan: that is the plug. housing looks late cycle. housing looks late cycle. the labor market looks early cycle. a lot of the different parts of the economy are not aligned. tom: this is my final conversation with the late and giant alan melzer of carnegie money. understand int this society how you can aggregate, and he was he did in his defense of aggregate statistical study. i think you're right. in this pandemic, i do not understand how we can aggregate. the polarity among american economic society, we have never seen this