Brad Gerstner

I think you see some one-time effects in here.

And so I'll take the under, Jason, with you.

And I can have a little side wager.

Just want to know about your chart.

That chart ends in the first quarter of 2025, so it's missing the last two quarters.

No, no, it's flat.

You can see it's flat there for the four years, the percentage on your own chart, and that only goes to Q1.

But sure, keep going.

Yeah, I'm not even sure this is relevant without the last six months of data.

Well, I think the white-collar jobs amongst young people are the ones showing up.

I was very clear.

I think it's happening with young folks.

And then the number of layoffs right now is the largest number of layoffs we've had in a quarter since 2003.

This has been a lot of layoffs.

I know it's hard to hear, Sax, but this has been the largest number of layoffs in 20 years.

No, no.

I told you what it is.

I'm just seeing the anecdotal stuff I see on the front lines is what I base it on.

It's not just me glomming onto random...

So we should get to the election results.