Hello fellow rebel capitalists hope you're well I'm here with my good buddy Brent Johnson and we are going to talk about a

gentleman's bet that we made maybe what Brent six weeks ago?

Some like that.

Yeah, something like that a month ago.

Three, four week, yeah.

Early in October, I think.

Yeah, and we're going to talk about how I got this catastrophicly wrong.

And then we're also, but I think this is going to be an educational

experience for all of us, me included. And then we're going to get Brent's prediction

for interest rates.

That's a big topic of the day right now for 2025 and we might have some disagreements

there and then I've got actually a bone to pick with my good buddy Brent Johnson on the United States dollar.

So we're going to get into that as well.

But first and foremost, Brent, let's go over this gentleman's bet that we made.

This was back at the beginning of October.

Yeah, it was early October.

So Brent's going to be joining me down here in Medelline

or right around New Year's for a macro retreat I'm having and I said if the

basically we made a bet on the T. L. T. T. T. T. T. T. T. T. T. G.

If interest rates go down, then the T. T. T. T. T. T. goes up. So I thought the T. T. T. would go up.

interest rates would go down. Let's say October 1st. And Brent's like no. And I'm so

confident that interest rates are going to go up that I'm actually

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