Nicole Lappin

So you have said that you thought if tariffs continued, we'd be in a global recession. They have paused for 90 days now. Do you still think that?

So you have said that you thought if tariffs continued, we'd be in a global recession. They have paused for 90 days now. Do you still think that?

So you have said that you thought if tariffs continued, we'd be in a global recession. They have paused for 90 days now. Do you still think that?

Is China rational?

Is China rational?

Is China rational?

And in that case, are we still going to be okay? You said on CNBC recently.

And in that case, are we still going to be okay? You said on CNBC recently.

And in that case, are we still going to be okay? You said on CNBC recently.

I mean, you were short everything in 08. You said you're long only now. How long is long? In other words, how long do you think this bear market vibe session is going to last?

I mean, you were short everything in 08. You said you're long only now. How long is long? In other words, how long do you think this bear market vibe session is going to last?

I mean, you were short everything in 08. You said you're long only now. How long is long? In other words, how long do you think this bear market vibe session is going to last?

OK, let's talk about an underlying issue here that you've talked about before. It was cool. I did an episode this week about the theory that tariffs weren't about a trade war. They were about a yield war that a crash in the market would mean people would essentially flock to bonds and yields would drop. And that would help the government refinance the nine trillion dollars of debt.

OK, let's talk about an underlying issue here that you've talked about before. It was cool. I did an episode this week about the theory that tariffs weren't about a trade war. They were about a yield war that a crash in the market would mean people would essentially flock to bonds and yields would drop. And that would help the government refinance the nine trillion dollars of debt.

OK, let's talk about an underlying issue here that you've talked about before. It was cool. I did an episode this week about the theory that tariffs weren't about a trade war. They were about a yield war that a crash in the market would mean people would essentially flock to bonds and yields would drop. And that would help the government refinance the nine trillion dollars of debt.

Do you think it's a conspiracy theory or do you think that's what's going on? Because I haven't dropped.

Do you think it's a conspiracy theory or do you think that's what's going on? Because I haven't dropped.

Do you think it's a conspiracy theory or do you think that's what's going on? Because I haven't dropped.

So it's weird. What's going on?

So it's weird. What's going on?