Well, this is current yield grants interest rate observer of the air.

I am Jim Grant, and with me, as always, is the great deputy editor of grants.

Evan Lorenz. Welcome, Evan.

Good afternoon, Jim.

I say welcome, as if you didn't work here.

I'm working here for 15 years. I'm saying welcome. Okay.

It's nice to still get a welcome occasionally.

I can tell you guys keep things light here.

And Harrison Waddill is our stand-in technologist, sound engineer. Thank you, Harrison.

And with us today, the fellow whose voice you've just heard is Michael Haynes, about whom and from whom we'll be hearing a lot in the next half hour, 45 minutes.

Nobody says nothing, and we have to stop, but I think that will not be the problem when the topic is private credit.

Hey, Evan, was I misinformed or this very morning, did Donald Chopnut kind of spitball the idea of

himself becoming the Fed chairman?

He did indeed.

He said, I can appoint myself, can I?

Or something along those lines.

Yeah, it wouldn't be a bad idea, I suppose.

So I would, before we get into a serious matter here, I want to tell a story that actually is a seasonal story, a sartorial story, and one that bears a little bit on the March of Human Progress. Ready? Yep. Okay, I'm wearing for you, what do you think of my serious sucker suit?

I think it's quite nice, quite dashing.

Helicant, right? Michael, are you on board? I agree. It's a lot of it. Harrison, good, right?

These guys work for me.

What are they going to say?

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