Katie Martin

But you just can't fight the direction.

But how much of that was down to you?

Yeah.

You can't go wrong with teenage boys and Big Macs.

But I guess another thing that's going on here is that the US is kind of sucking growth out of the rest of the world to some extent.

So, you know, Europe and Asia, as we've discussed on this pod several times before, like...

We're on the sharp end of the energy shock and you keep hearing these warnings.

So, you know, Robin Wigglesworth, who was on this pod the other day, he was writing about this the other day on Alphaville.

There's like plenty of analysts out there saying, OK, oil prices are kind of bobbing along at the moment, but there is a risk that one day we walk into the office and it's $20 higher or it's $50 higher.

Like this thing doesn't have to move in a smooth fashion.

It could just hockey stick higher and then shock.

Surely we have a problem with the U.S.

consumer then.

And surely we have a problem with corporate margins then.

Surely.

Surely.

Yeah, yeah, yeah.

But we still have this thing where the stock market is like, yay, everything is awesome.

And the energy market is like,

Hell world.