 How close to the window we're sailing, do you think, Mark, when it comes to losing our triple A credit rating? Good morning, James. I think that's exactly right in terms of your assessment. I think S&P was still very pessimistic in terms of the outlook and the forecasts, and they've got Australia's triple A rating on that negative outlook, which if you go through the averages means there's a one in three chance that it does get downgraded over the next two years. And if you think about it, it was put on negative watch back in July this year. In terms of sailing to the winds, I think they keep warning the Australian government that they need to get the budget back in under control, and we need to start generating surpluses, and this keeps getting pushed further and further into the future. But I think if you compare the Australian situation in terms of debt to GDP, it's still very low compared to some other triple A rated countries. And part of the reason is that Australia does have a larger offshore funding requirement for both its banks and probably some of the government debt as well. It's held by a larger percentage of offshore investors, and that will obviously play into the credit ratings as well from the agencies. So in terms of holding that triple A, it's still stable with Moody's and Fitch in terms of the outlook, and that's a negative outlook with S&P. And in terms of the impact, though, if it does go to double A+, I think it's probably marginal at best to very little impact. You'll see obviously a knock on impact for some of the domestic major banks that they will be downgraded as will some of the states as well. But again, in terms of that funding cost, it's going to be very difficult to ascertain what additional funding margin will actually be charged by investors. It's all in the big mix. And then in any case, as well, you've seen wholesale funding costs increase because you've seen the yield curves increase as well in the last couple of months. Anyway, so you've seen banks trying to maintain their net interest margins, their profitability by increasing mortgage rates across the board, fixed rates, floatings, and also some of the regional banks have followed in line as well. So it's interesting that your lead-in story, talking about Westpac and Bill Evans and the fact that interest rates are less likely. The RBA has always said that it will look through to the final cost of capital to any business or consumer. And if mortgage rates are increasing and if Australia does get downgraded and costs of funding for banks does increase and they pass those on, then the RBA will consider that in terms of where its needle is on its dial and it's probably more likely to cut rates on the back of increased cost of capital to Australian businesses and consumers. And how likely do you think that is to actually happening? Because a lot of the fear around the cut as you quite eloquently sort of put out is that it could impact mortgage holders because the banks would look to pass on any impact to their funding costs through to customers and if you're seeing rates going high that is being offered by the banks, then the RBA cuts. Do the chips fall like that, do you think, next year? I do. I mean, I think there's going to be at least another cut next year in my estimates. I think that the Australian economy is still fairly weak and if the RBA judges that the cost of capital to businesses and on mortgages has increased, then it will look to lower that to try and stimulate the economy. And yes, there's an argument that with rates where they are at the moment and the 25 basis point cut will do very little and that's partly true but the RBA only has really one lever to pull and it will pull that and try and provide stimulus, monetary stimulus to the economy to try to get it on track to where it believes that growth and potentially employment should be going forward. So, I think in terms of the economic data that we're seeing it's still pretty soft within Australia and I still think there's a potential another cut and that is kind of again supported by the fact if you lose a AAA rating you get the knock on impact to maybe higher mortgage rates from banks because they're passing on that to higher cost of wholesale funding. It's interesting because I mean, we're seeing...