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foreign [Music] Im Ted Oakley managing partner at Oxbow and as always Im here to have a fabulous speaker today that I really like not only as in the business side but as a friend and David Rosenberg David glad to have you today Ted its uh honor and a privilege as usual thanks for the invite you know one of the differences David between you and and most people is you not only do economics and strategy but you do investing you you package it all and a lot of people dont have that skill thats a great skill of yours well I appreciate that you know I guess when I started early in the business uh I realized that if as an economist if you stop at GDP uh its interesting and informative but it doesnt really help people make decisions so uh and all those years I had uh at Merrell you know on the sitting there on the training desk uh you know you you learn quickly how to take the economics and make it relevant for investors well Im going to start over what uh obviously is top of the mind