The Carry of Cryptocurrencies

Investment grade credit in a lot of areas now is carrying. Six to eight percent. So for the first time ever in my career, I've been buying investment grade bonds and kind of wanting them to default. Because we've been buying them in the 40s and 50s In terms of the cash price. And the recovery is like 90 to 100. You think this is a point that's lost on a lot of people? Yeah, nobody, nobody seems to to grasp. That. We've all got used in the last 15 years. Zero carry. Zero rates. Negative rates. All, you know, to all these sort of weird monetary policy tools. Everybody's forgot about this