inflation showed prices rising 6.4%. how do you see this turning up? it does not seem as though inflation is just a transitory thing that we are going through. yeah, i wish the fed never used that word. i think it is temporary in the sense that if we were to restore supply chains to where they were prepandemic and we had cars that is were available. we did not have a 5.8 million unit shortage of homes relative to current demand. if those things were true, if indeed the war in ukraine and the pandemic was not affecting china still. you would start to see prices fall. as long as these two factors are in place. food prices and energy prices and the price of homes are going up. that means federal reserve is going to raise interest rates later again, probably by a half point to cool the economy and presumably bring down inflation. well, always a pleasure to