Uh, Guy, it's a little bit scary what's happening in France.

It really is.

And, uh, you know, in France there's a long history of riots.

It, it's almost the French national sport.

Uh, you know, the French Revolution, of course, was started with a riot, but a lot of the, uh, French adults remember the 1968 riots, and they look back fondly to that and say, "Okay, that was That was how, how we grew up as teenagers.

Uh, then you had the suburban riots of two thousand and five.

Um, you had the yellow vest riots.

Uh, and now this thing is upside down, and they may not be able to catch up to it, right?

Uh, Guy, this a little bit scary what's happening in France.

It really is.

And, uh, you know, in France, there's a long history of riots.

It, it's almost the French national sport.

Uh, you know, the French Revolution, of course, was started with a riot.

But a lot of the, uh, French adults remember the 1968 riots, and they look back fondly to that and say, "Okay, that was, that was how, how we grew up as teenagers." Uh, then you had the suburban riots of 2005.

Uh, you had the yellow vest riots.

Uh, and now this thing is upside down, and they may not be able to catch up to it, right?

What are you hearing from your customers today about what they see and what they feel about the local economy?

What we're seeing is we have, we have an economy that has been in slow speed, and it is just now beginning to pick up a little bit of momentum.

So people were in despair over the city of New Orleans with bad management.

They're much more encouraged now.

You have a new, new l- leadership team in New Orleans.

They're facing some tough, tough problems, but they're facing them Head on, and the encouraging thing is they're actually proposing things that will work.

It's not gonna be easy, but they're gonna get it done.

What do you see as the biggest barrier to some of these target- And, and, you know, historically, I'm wondering whether or not these targets are unrealistic in today's world as opposed to what they've grown accustomed to, and is there anything unique about New Orleans that makes it hard to achieve what they're looking for?

What are you hearing from your customers today about what they see and what they feel about the local economy?

What we're seeing is we have, we have an economy that has been in slow speed, and it is just now beginning to pick up a little bit of momentum.

So people were in despair over the city of New Orleans with bad management.

They're much more encouraged now.

You have a new, new le- leadership team in New Orleans.

They're facing some tough, tough problems, but they're facing them head-on, and the encouraging thing is they're actually proposing things that will work.

It's not gonna be easy, but they're gonna get it done.

What do you see as the biggest barrier to some of these target- And, and, you know, historically, I'm wondering whether or not these targets are unrealistic in today's world as opposed to what they've grown accustomed to, and is there anything unique about New Orleans that makes it hard to achieve what they're looking for?

For those of you that are not aware, the Fed, uh, renovated some of their buildings that hadn't been renovated, in all fairness to them, in a long, long time, but this thing seemed to get away from them.

It really did.

And, uh, it almost sounds like a joke, but the question is, how many economists does it take to renovate a historic building? Uh, the correct answer is preferably zero.

Um, goes back to two thousand seventeen.

I know it's not fair to economists, but, uh, the truth is the truth, and we look at the results.

Uh, two thousand seventeen, uh, President Obama is finishing his second term.

Uh, President, uh, Trump is about to begin.

[laughs]

[laughs]

...

the truth is the truth, and we look at the results.

Uh, 2017, uh, President Obama's finishing his second term, uh, President, uh, Trump is about to begin, Janet Yellen is Fed chairman, and the idea of renovating the Federal Reserve comes about.

Initial cost estimate, 929, 921 million.

And the problem, and it's easy to look back, you know, the Federal Reserve decided to do this themselves.

Uh, Jay Powell was appointed in November as Fed chairman by President Trump.

[laughs]