Welcome to Current Yield, Grant's interest rate observer of the air.

I am Jim Grant, and with me, unfailingly, is the gentleman to my right, the great deputy editor of Grant's, Evan Lorenz.

Evan, that's you.

I hope so. Yeah. And sitting immediately

to my left is Seth Wiseman, who's from the 14th floor. Thanks for having me. Oh, you're welcome.

And I suppose we ought not to assume that everyone knows what the 14th floor signifies in this

content. Well, the 14th floor is the 14th floor

of 233 Broadway, the grand old Dowager Woolworth Building in Lower Manhattan, nearby City Hall

where so many good things happen. And I'm not saying that we would not have had Seth Wiseman,

who was the founder and president of Urban standard capital, a fully integrated real estate private equity firm focused on debt and equity investments across the United States.

I'm not saying that we would not have Seth on this program except for the fact that he has his office in the same building as we do, but it doesn't hurt the commutation problem.

Yeah, I would definitely go more than 10 floors to visit you guys.

Well, let me say, and synchronously,

we would have walked across the street to get you.

Yeah, so the person who's laughing across the way is Harrison Wooddale. He doesn't ordinarily run the sound engineering department of this organization, but he has proven they can do anything. So why not, Harrison? Welcome. Yeah. So Evan, before we get started into Seth's line of work, tell me if I wasn't correct in my forecast that the next four years I said I

said this out loud first week of November I said the next four years are going to

be good copy am I right am I am I wrong you're wrong it's great copy yeah it's

scarcely started the inauguration was just as we're recording a little over a week ago, and we've already gotten quite a lot of stories.

Yes.

So we wrote about this week, ladies.

I hope that many of you are subscribers to this publication.

And for those of you know, I'll just give you a faintest little hint of what we're... So the issue of grants dated January 31st leads with analysis and a contemplation of the

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