Hello,

for the Rubble Capital Soap you're well. I haven't done one of these live stream Q&As in quite some time, so I thought I would go live and do that today.

So if you guys want to Q in here and just shoot some questions out. We'll kind of have a back and

forth and see what's going on here. Just have a little conversation.

All right, so it looks like we've got a question from Jask Kuret Singh, we'll call Mr Singh.

So question, the recession will be delayed because the Fed has raised too quickly, but the Fed corporate debt average 2% and nominal GDS being around

GDS being around 6% they can still afford interest payments.

Okay, I think maybe that's more of a statement and yeah, so I think what you're saying

there is the recession in your view is likely delayed because of corporate

debt them being in a decent position there and yeah I mean there's always a lot of factors that go into it.

You know, I was I responded to a tweet from my good friend Daniel D. Martino Booth that was talking about kind of, you know, no one's in the recession camp anymore.

And I said that because people think that, oh, that yield curve,

it must be invalid, it must be dead because it started to predict a recession,

you know, months ago, and we haven't seen a recession, so this time it must be different.

If you actually just go back and look at history, you see that this time it's not different.

This cycle is playing out the way every single cycle pretty much, not everyone,

but the majority of them have played out before and that is that you know prior just prior to the recession

you get the unemployment rate being very low you get stocks going up assets you

know you get this narrative that this time it's different and that you know there's pretty much

ignoring the yield curve.

I mean, one really cool thing that I was able to do a couple weeks ago was get access to

archived editions of the Wall Street Journal.

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