Katie Martin

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.

Hell world.

It's true.

Be afraid.

One thing that I think is interesting here is the hype and hope has kind of been knocked out of stock markets and it's just the earnings that are doing the heavy lifting.

I wonder how much higher we would be if we had the good vibes on top of the earnings.

So things look great, but they could look a lot greater.

Yes.

But we should be glad.

Eventually, vibes always chicken out.

Listen, one other thing I want to talk about is like the reason why we've got such great earnings out of companies at the moment is that they are reporting earnings, which is a thing they currently do on a quarterly basis in the States.

One of the biggest U.S.

financial regulators, the Securities and Exchange Commission, the SEC, is moving forward with these plans to cut reporting requirements for U.S.