 President Trump is going to be much more isolationist. He is going to have much stricter immigration policies, and he is going to spend a lot of money. And so I think what all that does, which is why you're seeing the steepening of the yield curve, the so-called Trump trade that you've talked about and the strengthening of the dollar, is those are all going to be quite inflationary, especially if he adopts some of these more aggressive tariff proposals that he's talked about both with China and in imports, which could be Trumpian hyperbole. But if it does happen,