Ladies and gentlemen, welcome to Grant's Interest Rate Observer Radio. We are delighted today to have

with us, Dean Kurnat, who is the founder and CEO of macro risk advisors. Dean knows all about risk,

and he knows if anyone in the world actually cares about it and we'll hear from

Dean presently. But first, ladies and gentlemen, a word from our sponsor. That's me actually.

Now, there never was a bad time to subscribe to grants, such as the contrary-minded value-seeking

independent, twice-monthly journal of finance. But now is, I think, an essential

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So, Dean, welcome. Dean is the, as I mentioned, the founder and CEO of

macro risk advisors, a magna cum laude alumnus of St. John's University right here in New York. Dean excelled

in analytical finance at the University of Chicago, where he earned an MBA and copped the

Citibank, if you please, the Citibank Award for Best Performance in Finance. The best thing

to happen to the city brand in about, oh, 100 years. And after a spell, a successful spell,

the Bank of America, Dean set off on his own in 2008. Most intrepid of you, Dean. So, Dean, you help,

oh, I mentioned this. With me today besides Dean is Eric Whitehead, who's at the controls.

Welcome, Eric. And the great Evan Lorenz, the deputy editor of grants and the fount of so many good ideas here.

And just a couple of bad ones, really, but mostly of great ideas from Evan Lorenz.

So, Dean, please tell us if anyone cares at all about risk.

Right. Well, it's an incredibly important question and one that everybody is talking a lot about.

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