Well, this is Current Eald, Grant's interest rate observer of the air.

And I, with a scratchy springtime pollen voice, I am Jim Grant.

And with me, as always, is the great deputy editor of Grant,

Sve Lorenz and Henry French at the

engineers panel. And with us today is Bob Robotti, who is president and CIO of the eponymous Robotti

and Co. And Evan, I want to begin by observing that America is truly exceptional.

And I, for example, what other country could they put the bases apart 90 feet and a ball hit

deep into the whole short? Will, if the shortstop has got a good arm, just barely nipped the runner at first base.

How do they think of that?

They did.

That's America baby.

I think Mr. Market agrees with you.

I mean, just looking back since the start of 2023, the S&P 500 is up 41%, whereas the MSCI World Index

XUSA is up 13% less.

America's beating everybody else.

Which country has roaring kitty?

That would be us.

Well, I always say that America is indeed exceptional,

and sometimes you have to wonder about the expressions of that of that singularity.

You know, the Constitution, the Declaration of Pity, yeah, yep, that's good.

That's good.

The aforementioned national pastime, excellent, but valuations.

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