That's fair enough.
Earlier, you mentioned spending. There was a 25% increase in government spending from prepandemic levels to now. Blink twice if you feel like you're being held hostage by overly loose fiscal policy. I'm just kidding. Don't answer that. I know you won't.
The risks to the outlook seem to be painted as still rather optimistic when it looks like the best-case scenario is being presented as some of the base case. I know we have increased inflation a bit, but wage growth in the U.S. has been significant. Again, government spending continues to be significant. On household balance sheets, there's still a lot of money sitting in bank accounts. If we're in excess demand, that gets deployed. I think that's a bit of a risk.
The bank again says that the risks to the outlook are balanced. I think that's probably the fourth or fifth time we have heard that.
What makes this time different from some previous times?