Tim Buckley: John, as you know, our clientele love listening to from Joe Davis, our international main economist. But they only listen to the surface area of his outlook. You get his total in-depth examination and you get to discussion it with his staff. So give us a window into that. What do you men do? What’s your outlook proper now and how are you putting it in motion with our resources?
John Hollyer: Yes, Tim, at the maximum stage, functioning with Joe, we have gotten his team’s insights that this is probably to be a very deep and very sharp downturn—really, traditionally large. But also, that it is probably to be somewhat short-lived. And that will be as the financial state reopens and importantly as the benefits of fiscal and monetary stimulus bolster the financial state, basically constructing a bridge across that deep, short gap to