Nancy Lazar

I don't either.

I mean, we just got these manufacturing surveys for the month of March from the regional Fed districts, and their CapEx components are like moonshots.

And I think, again, it takes a step back that there's incentives to do CapEx, and companies are doing it.

That's how we built the railroads.

And that's classic.

And there is also incentives that these companies can write off.

With the One Big Beautiful Act, they can write off all of their investment software, R&D.

They can't write off the box of the data center itself, but everything they put in it, they can.

And then they can borrow.

But that's classic business cycle stuff.

Oh, yeah, I was too pessimistic in 23.

Quite frankly, I missed some of the stuff that I've just talked about.

And so, yeah.