...Good morning. I'm Patrick Davitt, the US Asset Manager Analyst here at Autonomous. It's my pleasure to welcome back areas management CEO, Michael Arougheti. So, thanks for coming back and spending your summer Friday with us. (Operator Instructions) Mike, given we had most of the major alternative manager, CEOs here this week, I'm starting all the conversations with similarly high-level macro questions. So given your position as one of the largest credit managers, I think it's best to start there....