Thanks.
I want to just go right back to where I was with Dr. Kershaw, talking about getting into interest rate policy, monetary policy and what that has meant during a pandemic, during a time of economic contraction when the price of real estate across the country, the national average, is up 30% year over year or something like that. It defies explanation other than monetary policy being primarily what creates incentive for every type and every level of homebuyer to bid up prices.
Could you comment on how we see asset prices rising even as economic activity shrinks and incomes for working people remain stagnant?