Real estate is the best example, reflecting the current state of the real economy. A large part of the GDP data is driven by AI infrastructure investments, but it can't be translated into jobs for the working class. On top of that, the rise in oil prices after the U.S.-Iran conflict has made life tough for Americans too. Right now, everyone is just holding on, and in the end, it’s still the Fed that steps in with massive liquidity to solve the problem. It’s been the same story for so many years, without exception.