where they do not do such things. >>neil: you are good at this. thank you very much. good to see you. not all companies are laying off workers. my next guest is hiring and spending, running distribution centers for major retailers like "bed, bath and beyond." and now, the c.e.o. is joining me. walter, good to have you. >>guest: great to be on. >>neil: you are spending. you must be more optimistic and the president and others have been eager to see c.e.o.'s like yourself to let go of the cash you have been holding on to. what got you letting go? >>guest: we are spending because our customers would lease the buildings we build are expanding. so we are building buildings in the united states and we have been building buildings in europe and asia but the nice thing is to see the north american business expanding, as well. >>neil: is this recovery for real? it is a bumpy recovery? could be shallow. what do you think?