Rick Rieder

I mean, I do think that's right.

I do think if you have young people, look at the student loan, 30% of student loans are in repayment today.

That is unbelievable.

That is unbelievable.

Young people are having a hard time.

By the way, if you look at the youth unemployment rates now, I think it's 8.5%, maybe a little bit higher than that.

Young people graduating, you saw this at UMass, one of the surveys that showed people graduating college, it's the toughest time in literally a generation.

So listen, I think there's some things, I think a lot of this is related.

And I think a lot of this is, if we create an issue, I think the question before that was dead right.

There is something that are just hard to fight against.

But I think there's a series of things that I think that can be done that will improve a bunch of things.

And by the way, the thing that is critical, nominal GDP has to be high because we have a debt burden in this country that is large.

And if we keep nominal GDP high, we keep employing more people, you bring that nominal GDP number up, which diffuses the debt burden.

By the way, it's always funny when the chart that goes up that shows the price of Inc.

doesn't show the dividend yield.

My job is to create as much dividend yield and as much income as possible.

Listen, I think there's something... By the way, there's always an interesting thing about... People say, like, why is he saying that the funds rate should come down?

He must have an ulterior motive.

I actually don't want the funds... In fact, I don't want interest rates to come down because commercially, these yields are phenomenal.

I mean, these yields to create income in a portfolio...