In general I'd say I do agree with that. Given the circumstances we were faced with, we were very fortunate that we had the capacity for households to in effect step up and expand their spending. As I said in my opening remarks, that is what gave us a buffer or cushion underneath the global contraction that we faced.
As the healing process continues globally, we should see that transfer of momentum as we reach full balance, and that would give us a period in which households, in effect, rebuild their balance sheets and become in a stronger financial position.