...All these points are quite known to you. I guess in preparation for Monte Carlo, everybody reads all the market studies, the program studies, and so on. The general message is that the market is in a good balance and a stable state. I would agree with that, but I would like to pinpoint rather the macroeconomic environment where, I would say, we do have quite some uncertainties that are very relevant for our industry. And that can have an impact. I would even say that the foundation's macroeconomic buys are not so strong to really rely on them. The uncertainties or the downsides are rather superior and necessary. Let's look at a few of these topics. The GDP growth -- it's, you could say, okay, but it has not globally reached a level before Corona. It is a bit weaker. And you might -- of course, the Fed is considering lowering the interest rates again already this year, which is an indication that they're focusing more on avoiding a recession. And that, of course, has an impact on our industry....
