Introduction

M jim grant, your host, and with me is always as the great deputyd of grants, even lorens. Also with us as p usual, is henry french, who's a sound man, technician, man of the dials. And also with us to day is a guest, and his name is martin hale. He helped start pequat's venture and private equity business in 19 97. Eare od at a moment. So evan, have you noticed that interest rates are rising? Is this seeming impossibility?