Welcome back to On the Tape. I'm Guy Adami. I'm with Dan Nathan. Danny Moses is not with us this week. However, he was so exercised about something that he's got a rip off the tape coming up. You don't want to miss. We're also going to be joined by legendary hedge fund investor Jim Chanos, who was our first guest on the tape. And you're about to hear from our

very first presenting sponsor, CME group, which we'll talk about at the end of the show. Stick around.

We've got a wonderful show for you today.

Back by popular demand, Jim Chanos, the founder and managing partner of Kinnikos Associates, LP, the world's largest

exclusive short-selling investment firm. He began his career as a financial analyst with Payne Weber,

Guildford Securities, and Deutsche Bank. Jim is currently a lecturer in finance at the Yale School of Management,

teaching a class on the history of financial fraud.

He also serves as a trustee at the New York Historical Society and the National World War II Museum.

Jim, it's a pleasure to have you back with us again today.

Jim Chanoes, you were our first guest on On the Tape podcast back in late January.

Thank you for rejoining us today. My pleasure, guys. Good to be back. It is great to have you

back. You're a badass, JC. As you know, I say it all the time. It's wonderful to have you back.

And listen, let's get right into it. Unless you were scuba diving in the Caymans or fishing in Key West, and you missed the big news this week.

The news was Dan Drunken Miller, the op-ed in the Wall Street Journal, the subsequent appearance on Squawk Box.

I mean, I know you know, but talked about the Fed overstaying their welcome high stock market valuations, the U.S.

dollar not being a reserve currency in the next 15 years,

potentially. He rattled off a bunch of stuff and it made news that it had reverberations around

the market. What are your thoughts around Stan's comments? Stan's comments, I think, kind of speak for

themselves. The interesting paradox that I see out there regarding what he's saying is that the Fed has been

telling us now since basically COVID, but actually going back really to Christmas 2018,

that they want inflation. They've been very clear about that, that one of their goals is to get inflation higher than the 2%

target. And now that it appears we're embarked on that road, people seem shocked. And this

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