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For full terms, visit the QVC website. I'm John Batchelor, and quickly, we're looking at geopolitics worldwide.

Jim McTag is here in the Keystone State of Pennsylvania, that's the east coast of the United

States, and Lance Gatling of Nexhill Research,

he's in downtown Tokyo. Right now, we're all watching the inflation that we know is already

here. Jim, I start with you, the 6% spike in PPI we mentioned, but the climb back of inflation,

I believe, is just beginning.

Have you heard a number about how high it will go in the present trajectory, or is it guessing only, Jim?

...