This is Current Yield, and I am Jim Grant. On behalf of the usual crew here, we have Eric Whitehead at the control panel.

Eric will be vacationing next week, and the week after we'll get around to that in just one moment.

Evan Lorenz, the great deputy editor of grants sitting directly across from me.

And joining a study also is John Delberto, who wants to sell you a subscription to grants.

He wants to do that a lot.

And I want him to do that, too.

Before we get into introducing Carl E. Walter, I want to say a couple of words about our highly

well-traveled engineer, Eric Whitehead. Now, Eric, as you know,

constant listeners know, is mostly partial to vacationing in formerly communist countries. North Korea

was an especially favorite destination of Eric and his family. They insisted on going, oddly enough,

in February, Pyongyang, and to the days in motel there,

they went on Monday, which I think was their mistake because they don't serve food.

Mondays, they have no food, right?

Yeah.

But this time, Eric, you're going to Tanzania, you know?

Yeah, for two weeks.

So, Evan, what's the equivalent in weeks, New York weeks for two weeks in Tanzania? no? Yeah, for two weeks. So, Evan, what's the equivalent in New York weeks for two

weeks in Tanzania? Is it shorter or is it longer? Oh, much longer. Yeah, so it's like a three-week

vacation. New York minutes very, very short. Yeah. So Eric is taking the equivalent, let's call it a

five-weeks vacation by taking a 14-hour flight to Tanzania, which may become, in fact, a communist country during his

vacation there. So good luck to you, Eric, on that vacation, yeah. So joining us, as I mentioned,

is Carl Walter. Now, Carl is, I'm not going to say that his principal accomplishment in life

...