Well, welcome to current yield. This is Grant's interest rate observer of the air, and I am Jim Grant,

and with me, as always, is the great deputy editor of Grant, Evan Lorenz. And with us today,

not as always, and all too infrequently, is Peter Chapinelli, and about whom, and from whom you will hear in just a moment.

First, Evan, I want to, I just want to say this. I want to put this out. I know we're going to talk about bonds today and about the 60-40 national portfolio mix and about the Bloomberg Barclays or Bar or Barclay-Bloomberg Ag Index.

I've got to say that in the context of the UFO crisis that is still being swept under the rug in this country,

I would say that even the lamentable state of our capital markets dwindle into something, if not insignificant,

and not exactly insignificant, but certainly shouldn't we think about matters, earthly matters,

temporal matters with a little more perspective after this extraordinary 60-minute broadcast?

I mean, what do you think?

Well, given the valuations where the market's trading it today, we need an incremental

buyer.

If that buyer is green, that's okay too.

I suppose that's true.

Yeah.

Well, we soon have outposts on Mars, and I suppose that might help with a bid.

But as I said, I wanted to help us understand the difficulties of our finances in the context of greater world, indeed, cosmic problems.

So I'm not, you know, Peter was a, as an alumnus of, is an alumnus of Carlton College.

He's Carl's in College Knight and studied at the Wharton School where he earned his MBA and is not only a

CFA charter holder as is Evan, but also is a holder of the chartered alternative investment analysts

thing. Yeah, he's a C-A-I-A, not just a CFA.

It's actually known as a C-A-I-A, not just a C-F-A. Effectually known as a Caya.

Huh?

...