Yes, and then you also referenced the 2008 recession and said that it was higher during that time.
Given the fact that we've just gone through a once-in-100-year public health crisis that was pretty significant in its economic impact, sending tremors through the global economy and causing all kinds of effects—supply-side shocks, perhaps demand-side shocks—that rippled through, do you see the fact that insolvencies haven't significantly increased—they've decreased in comparison to the recession in 2008—as almost a sign that we're doing relatively well?
I'm not saying that any amount of insolvency is good. Of course, it's not, but it is reality. I'm just trying to get a historical perspective here.
If you compare back to the recession of 2008, we have fewer insolvencies today, but we've just gone through a massive global public health crisis that had major impacts on the global economy. Can you put that in perspective a bit?