Well, this is the current yield grants interest rate observer of the air, and I am Jim Matt.

This is the great deputy editor of grants, Evan Lorenz.

Hey, good morning, Evan.

Good morning.

Now, the interval you hear, ladies and gentlemen, is the physical distance between the recording studio here at the Woolworth Building, 233 Broadway in Manhattan, and Evan Lorenz's private off-site office in the borough of Brooklyn.

How many miles do you think this is, Evan, between you and me at six, maybe five?

Something like that, yeah.

Yeah, so that accounts for the delay.

Even with modern technology, it takes a long time for sound to get to Brooklyn.

The police sirens that I hear at night sometimes argue otherwise.

Well, but that's not just the two of us, ladies and gentlemen.

It's not just the two of us.

We have today Karen Petru, who is the

financial consultant and analyst and financial policy analyst par excellence in Washington, D.C.,

and the author of a book called The Engine of Inequality, and the subtitle, Most Provocative

and Most to Evidently, Most Inviting, Subtittitles the Fed and the future of wealth in America.

Karen, I'm going to welcome you formally in just one moment, but not before I mention our sponsors in the first place, as is customary.

During is what we know these difficult times of COVID-19. By the way, shouldn't we update this for COVID-20 or something?

But anyway, we are sponsored in part by love and youth and spring as we were a year ago. Keep this up until we

stop wearing these stupid masks. That's one thing. We're also sponsored by ourselves, by Grants

Interest Rate Observer, and particularly by the upcoming Grants' Fall Conference on October 19th.

But Karen, welcome to Current Yield.

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