| heading into uh 2022 and is this a | 5.519 | Jump to 21.6 |  |  | 
              
                
                  | conditions globally right of the 24 | 4.32 | Jump to 34.48 |  |  | 
              
                
                  | sheets by 13 trillion dollars that | 4.32 | Jump to 59.68 | 
                      
                        
                      
                        MONEY
                      
                      
                        13 trillion dollars
                      
                     |  | 
              
                
                  | that's 29 | 4.56 | Jump to 62.239 |  |  | 
              
                
                  | one point two is we're starting from | 5.521 | Jump to 66.799 |  |  | 
              
                
                  | example have almost 3 trillion dollars | 4.0 | Jump to 94.159 | 
                      
                        
                      
                        MONEY
                      
                      
                        almost 3 trillion dollars
                      
                     |  | 
              
                
                  | see we own almost 200 companies globally | 5.2 | Jump to 104.0 |  |  | 
              
                
                  | 22. um just remember also that we were | 7.68 | Jump to 121.6 |  |  | 
              
                
                  | up 20 in 2020 we're up whatever 22 23 | 6.239 | Jump to 124.64 |  |  | 
              
                
                  | i know that you know your pencil in a 4 | 5.12 | Jump to 140.56 |  |  | 
              
                
                  | 900 target on the s p 500 with good | 4.961 | Jump to 142.879 |  |  | 
              
                
                  | think they're really two things one is | 3.76 | Jump to 160.0 |  |  | 
              
                
                  | about a third of the inflation | 3.28 | Jump to 162.4 |  |  | 
              
                
                  | basis the second thing as i mentioned | 4.959 | Jump to 170.0 |  |  | 
              
                
                  | that we're using a 5 cpi in the us for | 6.48 | Jump to 183.28 |  |  | 
              
                
                  | next year the consensus is 3.6 it will | 5.119 | Jump to 186.48 |  |  | 
              
                
                  | come off towards the second half of the | 3.68 | Jump to 189.76 |  |  | 
              
                
                  | let's say in public markets from a five | 3.599 | Jump to 223.92 |  |  | 
              
                
                  | knocked loose along the way with a five | 3.12 | Jump to 231.36 |  |  | 
              
                
                  | so a couple areas to focus on number one | 3.52 | Jump to 234.48 |  |  | 
              
                
                  | that's going to be an issue number two | 4.959 | Jump to 238.0 |  |  | 
              
                
                  | history will look a lot like the 2003 to | 6.48 | Jump to 271.12 |  |  | 
              
                
                  | 2007 recovery where at that time china | 4.88 | Jump to 274.72 |  |  | 
              
                
                  | one to two trillion per year building | 5.119 | Jump to 289.36 |  |  | 
              
                
                  | time where 81 | 3.761 | Jump to 294.479 |  |  |