jon: stephen gallo, i hope you're doing well. it is great to catch up. stephen gallo.o capital markets. lisa, how many people question dollars for prep and see -- dollar supremacy over the last few years? dollar demand through the end of march was through the roof. once again we passed the test. when things hit the fan, people go to the dollar. that did not change in march, and if you believe the dollar supremacy will end, you have to believe that will not play out again. no one was writing those articles in march because they were dead wrong. lisa: you are absolutely right, and i will say this has been a call that has been very hard to get right. a lot of people are saying it is different based on how much deficit is running to increase. if you look at debt to gdp ratio, it is past what we saw in the aftermath of world war ii later this year, raising questions about sustainability, especially if you believe a lot of productions that europe as well as china will come out of the pandemic faster than the united states. jon: it is not a judge about the future, it is an ob