Yes, and that's what scares me. We've had an unemployment rate below 5 percent for a number of months. It's around 4 percent now. Wages and salaries are growing very nicely. Consumers are doing very well to the extent that they own stocks and bonds.
Interest rates are very low.
We've had a very, very strong home building and home buying and selling period. So it seems to me that we can imagine that consumers would reasonably spend very strongly over the next couple of quarters. So, Professor Wilcox, you're not worried about exports going down, the way the president suggested. Oh, I think it's possible exports will remain very weak. Certainly, the weakness and the sluggish performance for a number of years in the Japanese economy and of all the economies that depend a lot on Japan is a worrisome prospect.