I recorded this with the incomparable Paul Schulte three weeks ago, right around when markets were going crazy. But I think we’re still in the same state: trepidation at what’s happening and shock at what’s being done to fix things. Paul’s one of the most experienced and erudite people I know when it comes to financial markets, especially around Asia, and it’s always enlightening to get his view on things. Here’s the link: https://www.youtube.com/watch?v=A7ToACh5Hsc We mostly talk about the market crash, and what we’re going to do about it. During the bloodbath in March, I kept feeling that absolutely no one was surprised. The last few months, I’ve kept hearing the phrase “Grey Rhino”. And that’s what this was. It was a threat we all knew was coming. When it happened, it felt like an annoying guest showing up three hours late.  What shocked me was what happened next. The Fed came out and sliced interest rates straight to zero. Besides the existing repo liquid