sevin: absolutely.where there is resilience in the economy to be able to actually absorb that kind of an interest rate increase. if we were seen economic activities across the board, whether investments, labor market, consumption, stocks really would take a hit, and we would expect the reserve to be more cautious going forward, but consumption and labor numbers are looking good, so that does give a little resilience to absorb another hike increase. jon: one of the other things we have talked about, even today with retailers working through supply chain issues, how key is that being global macro issue and selling some of these other challenges we are trying to figure out when it comes to possibly higher interest rates? sevin: it is massive. it is absolutely massive. what we have seen to the pandemic is companies that are able to tap into the supply chain and actually get their inputs, as been able to ship their products. those companies did well, and actually survived the pandemic pretty well. it is the

orban, trump, sevine in italy, the fascists overseas. common values, antiimmigration, trying to use the powers and tools of democracy to try to destroy it from within. i believe the former speaker said the way they come to pewer is through laws. the way they hold on to power is through laws, not bullets, bombs. this moment putin is destroying ukraine, bombing ukraine. he is the one that gave them the tools, disinformation. the white supremist theory wherks talked about the access of the willing, one flapped new zealand. he cited victor orban, he cited donald trump in his manifest oh. he had a local candidate. he went on a shooting spree. he shot six people of color. he shot against the headquarter of the democratic party. immediately after people start blaming immigrants. we are seeing now as we speak as we have elections all over europe, especially in italy in two months, viktor orban led to an attack in northern italy where a black man was killed. not only this, we've seen how putin and others, the fort in libya. we have seen a rising