the growth of bank assets. I think you said from 2009, I mean that was the number that I had found as well from 2009 to recently the amount of assets generated by the banking sector. In other words, a reflection of the growth and liabilities was the total amount of U.S. bank assets. It basically is a reflection of loan growth. And that suggests a great amount of malinvestment. It suggests it without proving it because it's very difficult to expand that type of credit in particular in the face of an economic contraction, which is what the world was experiencing globally at that time. I mean, things like that about China alarm me. And again, I speak very humbly because unlike you, I do not live in China. I don't know the country. I don't speak Mandarin. But just on the very high level, it seems to me to defy every principle of common economic sense. Well, this is the thing about China. It's tremendous size in its centrality. So China can create growth phenomena that exceed anything the (26/57)
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