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Hello and welcome to another episode of the Adlots podcast. I'm Joe Wycenthal.

And I'm Tracy Alloway. You know, we're kind of like at the point, Tracy, where I mean,

obviously we recently sort of hit the one-year anniversary of the market's bottoming, but we

talked to a lot of people around this time last year. And you know, the world was just everything

seemed an absolute chaos and markets were, you know, still incredibly volatile. We had no idea

where things were going. So I feel like it's kind of time to revisit some of those discussions a

year later, like what have we learned? Yeah, I think it's been pretty much exactly a year since we

had the the first Adlots episodes on what was going on at that time. And I think the consensus

back in March or April of 2020 was that this was an unprecedented crisis that was going to lead to

these big permanent changes. And I think some of that still holds true. It's an unusual crisis.

That's for sure. But I think the thing that no one was expecting was that we would basically see

a recovery this quickly and that we would have a business cycle that was compressed basically

in less than a year. Yeah, there's no question the recovery of especially for the US, but also

I would say the world, even in areas that are still struggling with the vaccination rollout,

has been much faster than people expected. And then of course, like the other thing that was

really going on at this time, Baha'at besides just like, you know, the pure health and economic

...