My hypothesis was predicated on delays in capital spend projects, as well as consumer spend. He's such an unorthodox candidate that there must be a wait-and-see period, unless there's more assertive statements on the several economic issues, and a credible name indicated as SecTres. Otherwise as a management team of a large consumer-facing company, why would you initiate any spend initiatives here in 4Q?
Maybe there's a delay but we get clarity by mid-end of 1Q17 or 2Q17. But you know how this works... by then you already have a slowdown in wages, in spending, and it starts to feed forward. But, like your answer to someone on modelling, this is just a scenario with its associated probability.