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thank you [Applause] Friday January 27 2023 Monaco 64 home of alternative economics and contrarian views so as you can see Im not at home in England Im at a top of a mountain in Switzerland skiing with my cousin and Im going to do the report from here today I hope you like it I Im not going to do the market wrap up because I I havent got any uh uh connection here but uh what were going to look at today is uh the private Equity blank Swan and I spoke about that back in December 2nd when uh Blackstone actually stopped the Redemption of its b-r-e-i-t fund and uh yes I dont think the private Equity uh Black Swan I think its still flying over uh the world and uh yes were going to look at that today before though Im gonna talk a little bit about what happened yesterday in the markets and the GDP numbers GDP numbers for the fourth quarter theyre the preliminary numbers they came out a little better than expected at 2.9 is expected 2.6 stock markets rallied a little bit about one p