Hey, everyone. Today's Real Vision Daily Briefing is sponsored by Crane Shares.

Learn about their K-R-B-N-E-T-F at CraneShares.com forward slash K-R-B-N.

Now to the top analysis of today's markets.

Welcome to the next big trade, and thanks for joining us.

This week I'm talking to Shemus Murphy, founder of Karak Hill,

an independent research boutique focused on the financial sector in Europe.

UK and select emerging markets, including Brazil and Mexico, some of my favourite

emerging markets that happens. Shemus, how are you doing?

I'm excellent, even though the weather isn't great and Dublin right now.

So I wouldn't marry me. I'm embossed and it's been pissing down the whole summer.

It's astonishing. It's like a tropical rainforest.

Yes.

So Shemus, can you improve on my crap introduction?

Can you tell us more about Karak Hill?

Well, I used to, I've been working with financials for nearly 25 years,

and I suppose I was looking off to have worked through the

2000 Nasdaq bubble, the GFC.

And I suppose after the GFC I suppose it became very obvious that

a lot of, we were a research firm, we worked for a research firm,

and but they were very focused basically on just a lot of the micro about the companies

with a miss, and missed basically the bigger picture as we would call it.

In terms of the factors that kind of influence the environment

...