Hello,

so boy, everywhere in the mainstream media and on FinTech right now,

they're saying,

this time it's different.

We're never going to have a recession. The economy is booming.

Those people out in the alternative media space on YouTube, they don't know what they're talking about.

Every single thing that we see in the on YouTube, they don't know what they're talking about.

Every single thing that we see in the data right now would suggest there's no way that we are

even close to a recession and the economy is doing great.

And you say, well, what about the yield curve?

Well, I can explain that one away.

This time it's different.

What about the unemployment rate oh well now I can

explain that I can explain that this time it's different because of x y and z

and a b and c but what X Y and Z and Z and

But what's unbelievable to me is if we've learned one thing from history

especially the Treasury market is that it's never different

it's never different especially when we see the Treasury market not just

inverted but uninverting due to a you guys guys know what I'm going to say, a bowl steepener.

If it was different this time, you would see a bear steepener.

But let's dive into their argument.

I don't want to completely dismiss it. Absolutely not. Let's go ahead and start with the unemployment rate. The argument there is that the unemployment rate is going up not because the economy isn't healthy

...