 John Levski, former deputy manager and director of the IMF and a big viewer and I think agent in the whole economic scene, the Peterson Center at the moment. What is your view of the impact of the Trump presidency on the world economics? I'm thinking in terms of currency exchanges, protections and so on. Well, the easy answer is it's too soon to tell. First of all, for one thing, I'm not sure everybody recognizes the current U.S. economic expansion is currently the third longest in U.S. history and if consensus views are close to right that there's not going to be a recession in the near term, for sure it is going to be at least the second longest expansion in U.S. history. So despite the grumbles about relatively slow growth, about falling labor force participation, about slow wage growth, about inequality, the economy continues to move ahead. The unemployment rate is the lowest now since the 90s and could go lower. The asset values the stock market at record highs. So Trump's own appeal to those left behind, I put it in inverted commas, was actually fake news during the campaign or is a real issue? No, I think there's a sense of a real issue and certain areas have been much slower to recover. Manufacturing jobs are now recovering, but they're far below where they were. Certainly there are issues that explain the appeal of the Trump candidacy, but also and I think particularly a sense of immobility in Washington to deal with issues that are widely recognized as necessary for one tax reform. There has been for decades a consensus that tax reform is needed. An obvious need to reform our immigration policies and put some order into something that is incoherent. Third, clearly the long-term U.S. fiscal picture is clouded by entitlements that have to be addressed and among that I think there was a consensus that the health care initiative under President Obama, so-called Obamacare, may have dealt with one problem with this universality of coverage, but certainly has not dealt in a meaningful way with the very structure of health care and its linkage to the long-term problem of entitlement. So, I take your point, but if you look at it from abroad and you think of America withdrawing from the TPP, you think of NAFTA being described as one of the worst deals, blah, blah, blah, NAFTA being renegotiated, the prospect of a protectionist America gets on the horizon. Well, it's certainly concerning. So, the rhetoric could leave rise to some deep concerns. Similarly, stylistically, we're dealing with a presidency that seems unlike any other in the past. At the same time, we have to wait and see what actually transpires. First of all, on trade, let's continue there. Both candidates said they were against the TPP. Very disturbing. Although you had the feeling that Hillary was sort of forced into that by him. Well, she also described NAFTA as having been a big mistake, one that I thought was her husband's profile and courage, frankly, and one of his great few legislative successes. So, this has been a concern that's more broad and hasn't just started, that this skepticism about trade policy, the inability of the U.S. to, frankly, it was the Obama administration that said let's get real and stop saying we're in favor of the Doha round. That was done previously. So, this is not brand new with Donald Trump, I'm sorry to say, but it's of concern. Now, let's see what happens. My guess is as NAFTA gets real, as these negotiations get real, I would be shocked if we don't see a very strong response on the part of the business community to say, hey, wait a minute, all this blah, blah, blah is just well and good, but that's when you're coming down to facts. Let's face it, NAFTA, there's great interest in preserving NAFTA on the part of the American businesses that have profited from this, similarly, trade with the Pacific is of crucial importance. So, it's one thing to back away from TPP, but- And threaten the Korean trade. And threaten the, but my guess once again, as these things get real, hopefully there's a greater sense of realism on the part of the administration. Keep our fingers crossed. Let's keep our fingers crossed. John Lipsky, thank you so much. Thank you. You're very welcome.