You came for the art exhibition. You're leaving with more than just inspiration. A new designer watch. Tax-free.

The ultimate shopping experience in Spain with fashionable local brands, now tax-free.

Visit W.W. dot info slash tax-free

and enjoy the ease of tax-free shopping in Spain.

Hello and welcome to Trigonometry.

I'm Francis Foster.

I'm Constantine Kissen.

And this is a show for you if you want honest

conversations with fascinating people and fascinating people we have for you

today two brilliant returning guests to Trigonometry. Here they are

Jim Rickards and Pippon Malgram to expert economists, people who understand finance,

people who understand what is going to happen, tech as well as with all of those things that we're going to get into.

Jim, people, welcome back.

Thank you.

It is great to be back.

It is great to have you back, so much to talk about.

We're sounding very chippa I don't know why we're in the middle of a global pandemic.

Jim is no doubt is about to tell us we're about to be in the global depression.

So, Jim, is that right? Are we about to descend into the biggest

financial collapse in the history of, you know, living memory, let's say?

Well, maybe since the 14th century, but we're not, I wouldn't say we're about to be, I would say we're in it. The data has not rolled in yet. As you know, data comes with a lag. We don't even have first quarter GDP. We'll have that in about four more weeks or three more weeks.

That will not reflect the full impact of that.

...