In my sense that what we're seeing with the regional banks now is a bit more akin to what we saw

during the S&L crisis. In other words, you have all these problems, but they're not bad enough

to induce a recession quickly, just need to wait for things to escalate to a point where the economy is so weak that it falls into recession.

Again, that sort of a statement suggesting the recession will come, but it could come later rather than earlier.

Imagine spending an hour with the world's greatest traders.

Imagine learning from their experiences, their successes, and their failures.

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Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world

so you can take your manager, due diligence, or investment career

to the next level. Before we begin today's conversation, remember to keep two things in mind.

All the discussion we'll have about investment performance is about the past, and past performance

does not guarantee or even infer anything about future performance. Also understand that there's a

significant risk of financial

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from the investment manager about their product before you make investment decisions.

Here's your host, veteran hedge fund manager, Nealz Kostrup Larson.

Welcome. Mr. Mr. Larsen. Welcome and welcome back to another conversation in our series of episodes that focuses on markets and investing from a global macro perspective.

This is a series that I not only find incredibly interesting, as well as intellectually challenging,

but also very important, given where we are in the global economy and the geopolitical cycle.

We want to dig deep into the minds of some of the most prominent experts to help us better understand what this new global macro-driven world may look like.

We want to explore their perspectives on a host of game-changing issues

and hopefully dig out nuances in their work through meaningful conversations.

...