When people imagine the word recession, they imagine this sort of precipitous collapse in everything.

You know, asset prices collapsing, employment collapsing.

And that's because we've been used to these sort of deep financial-based

recessions. You know, we had dot-com, we had the global financial crisis, we had Sweden in the

early 90s, we had Japan in the early 1990s. Well, we just don't have that today. I think you could

have a mild recession, but it's, you know, it may not even feel like a recession to a lot of

people. You know, we had a, we had a boom and a recovery that never really felt like a boom.

Maybe we end up with a recession and everybody feels like a recession.

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

Imagine learning from their experiences, their successes,

and their failures. Imagine no more. 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 loss with all investment strategies,

and you need to request

and understand the specific risks from the investment manager about their product before

you make investment decisions.

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

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.

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