Thank you very much.
My questions are addressed to Mr. MacBeth. You said that the difference in today's housing bubble is that, unlike in the seventies and eighties, an incredibly high rate of debt has been taken on by homeowners.
Am I reading you correctly? All right.
You also said that the central bank must raise interest rates, even if that creates a recession and bursts the housing bubble, which would result in a correction of up to 50%, perhaps more. Did I understand you correctly?