strengthen the yuan, which had been weakening precipitously throughout the year. And that, I think, is a tell on just how worried China is on inflation because when you think about China's economy, it's an export-driven economy, right? And they are very dependent on their current account surplus. So one would think that if their economy is on the back foot, given the property crisis, the zero COVID policies, one would end the fact that all of their neighboring countries have devalued currencies, that they would jump at the opportunity to allow the Reming B or the yuan to weaken. But instead, they did the opposite. So to me, that really is a tell on how worried they are about importing commodity inflation. So guys, a lot of things were said in the course of the three of you speaking separately. And I wrote down some notes. And I'm thinking, let's go to this one first, something that came up in my mind while I was listening to Brent talking, which had to do with the source of dollar (16/92)
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