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The OpenYield Markets Podcast is where industry experts, thought leaders, and innovators come together to discuss the latest trends, challenges, and advancements in the fixed-income market. It provides insightful commentary on financial technology, trading strategies, and market dynamics, offering listeners valuable perspectives on how the landscape is evolving.
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Get an inside look at the world of securitization with Fitch Ratings’ Structured Finance in Focus podcast series – join our expert analysts each month for the insights you need to navigate the latest developments across CLOs, ABS, CMBS, RMBS and more.
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GlobalTrading Podcast

Terry Flanagan, GlobalTrading Magazine Editor and Markets Media Group Editor

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The GlobalTrading Podcast covers the trading, technology and market structure issues that matter to institutional buy-side investment managers.
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Macro Voices

Hedge Fund Manager Erik Townsend

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Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC
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Unchained

Laura Shin

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Daily
 
Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
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ArtTactic

ArtTactic

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The ArtTactic Podcast, the leading podcast on the art market, covers a wide range of topics from art investment to general topics about the global art market industry. Each episode features an in-depth interview with a key art market figure.
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AEO Decoded

Gary Crossey

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A bite-sized, charm-filled podcast that demystifies Answer Engine Optimization (AEO) for everyday content creators. Each 5-10 minute episode breaks down one key AEO concept in an accessible, entertaining way. Listeners will learn how to optimize their content for AI-powered search tools like ChatGPT, Siri, and Google Assistant - without the technical jargon that makes their eyes glaze over.
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Jam-packed with smart, easy and simple ideas, this weekly podcast features experts who share proven techniques to add power and zest to supercharge your book marketing plan. Hosted by Susan Friedmann, CSP, international bestselling author, and founder of Aviva Publishing, this new and exciting podcast aims to rev up your marketing efforts with fewer struggles, and more success. Start listening today and discover how to get noticed in a crowded marketplace.
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The Milk Road Show

The Milk Road Show

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Your #1 podcast to turn your crypto curiosity into clarity. We discuss topics like: Blockchain Tech, Investing Strategies, Onchain Analysis, Web3 Applications and Use Cases plus cover ecosystems like: Bitcoin, Ethereum, Solana, Cosmos and so much more! 🥛 Get smarter about crypto in 5 minutes with our daily, free newsletter: https://link.milkroad.com/pod-newsletter 💰 Go PRO and Become a better investor with the #1 crypto research and analysis: https://link.milkroad.com/pro-podcast
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Law of Code

Jacob Robinson

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Discussions with regulators, top lawyers and entrepreneurs about the legal framework for blockchain technology. We look at international regulations, trends, and jurisprudence impacting crypto and its related parts.
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Wild Business Growth

Max Branstetter

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Wild ideas. Wild growth. Every Wednesday morning a new entrepreneur shares the wildly creative and unusual ways they grew their business - and teaches you how to do it, too. Hear the minds behind WordPress, Stacy's Pita Chips, Drybar, NFL RedZone, Big Mouth Billy Bass, the voice of Bart Simpson, and more Wild stories. Hosted by Max Branstetter, Founder and Podcast Producer at MaxPodcasting
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Philippine Stock Market Weekly

First Metro Securities and Podcast Network Asia

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This is the Philippine Stock Market Weekly podcast series by FirstMetroSec, where we will be featuring timely and relevant discussions on the Philippine stock market and economy, in the hope of providing investing and trading guidance to Filipinos. Enjoying our episodes? Don't forget to follow the podcast, rate us 5 stars and hit the notification bell. Connect with us through social media with the handle, @firstmetrosec. #YourFutureFirst Website: www.firstmetrosec.com.ph Email: events@firstm ...
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Maximize the return from every piece of content that you create! This podcast will teach you how to repurpose your content like a pro. Whether you're a podcaster, blogger or video content creator - creating great content is never easy. Neither is keeping up with the ever growing array of social media platforms. Content repurposing is a critical activity to ensure that your content finds it's audience and your message is heard. Amy Woods, Founder of Content 10x, reveals everything you need to ...
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Cold Call

HBR Presents / Brian Kenny

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Cold Call distills Harvard Business School's legendary case studies into podcast form. Hosted by Brian Kenny, the podcast airs every two weeks and features Harvard Business School faculty discussing cases they've written and the lessons they impart.
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Bitcoin groundbreakers share personal stories of how Bitcoin is changing lives for the better. Host Mauricio Di Bartolomeo, co-founder and CSO of Ledn, speaks with leading Bitcoin voices, entrepreneurs, and human rights advocates to hear their unique journey and practical real-world examples of how Bitcoin has made a positive impact in their lives. Brought to you by Ledn, a leading financial services company built for Bitcoin & digital assets. Ledn offers a suite of lending, saving and tradi ...
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Bernitsas Law Podcast

Bernitsas Law Firm

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Bernitsas Law is a market leader in the provision of commercial law services in Greece and one of the largest firms in the country. Our experts cover critical issues and emerging trends impacting businesses today. This Podcast is intended to provide general information and is not meant to constitute a comprehensive analysis of the matters set out herein or to be relied upon as legal advice. It is not meant to create a lawyer‐client relationship. Legal and other professional advice should be ...
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The Breakdown

Blockworks

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A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks. Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/
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Moving Markets is a daily market news briefing from Julius Baer. Our experts discuss the latest market developments and put the headlines in perspective to set you up for the coming day. The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to ...
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Welcome to "Creating Richer Lives", where living a richer life goes beyond the balance in your bank account. In fact, being richer is about what you do with your dollars and how the choices you make with your money not only define your lifestyle now, but impact your legacy for years to come. Whether you're working towards retirement or seeking ways to make philanthropy your goal, there is a road to get you there. It's time to redefine what it means to have a richer life.
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Fun and informative, this real estate investment talk show has been broadcasting on conventional radio since 1997. Hosted by professional investor Robert Helms, the show delivers no-hype education and expert perspectives in a fast-paced, entertaining style. Rich Dad Poor Dad author Robert Kiyosaki says The Real Estate Guys are wild and crazy, but they really know what they are talking about. The Guys talk investment strategy, economics, tax and asset protection planning, market and property ...
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PromoTix University Class is a structured, step-by-step audio learning experience designed for event creators who want clear, actionable education—no interviews, no discussions, no fluff. Each episode functions like an audio “classroom,” guiding you with instruction through the exact strategies, systems, and frameworks used by successful event producers around the world. From building your event business from scratch when you don't know where to begin, to scaling a successful company into ne ...
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Future-proofing the humans behind the tech. Follow Phil Gamache and Darrell Alfonso on their mission to help future-proof the humans behind the tech and have successful careers in the constantly expanding universe of martech.
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Semantic SEO Podcast showcases the brightest minds in semantic search. Each episode spotlights a guest whose work moves the industry forward. The show breaks down entity mapping, intent modelling, query clustering, attribute extraction, and document engineering in practical detail. Guests share the systems they use to build authority, strengthen knowledge graphs, and future-proof rankings. The host steers the discussion to make the expert look exceptional because the mission is to amplify th ...
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1) It Fosters Consistency Every marketer seeks consistency with her company’s story. If customers do not hear the same narrative every time they learn about your business, it can lead to confusion and doubt. Doubt leads customers to your competitors. Southwest Airlines, for example, doesn’t have a brand story; it has a brand attitude. The airline’s team members—from flight attendants to ticket agents—are pleasant and genuine in trying to help customers, and they generally make it easy to do ...
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A shifting economic order. Rising geopolitical risk. Capital on edge. In The Real Estate Market Watch, Dr. Adam Gower, author, academic, and commercial real estate veteran with over 40 years of experience, examines the macroeconomic signals reshaping the real estate investment landscape. This isn't a show about deal hype or trend-chasing. It's about what happens when confidence meets correction - and how investors and sponsors can respond with clarity, discipline, and a focus on downside pro ...
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The Rules of Investing

Livewire Markets

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The Rules of Investing is one of Australia’s longest-running business podcasts, providing investors with unparalleled access to the ideas and insights of Australia’s leading fund managers, economists and industry experts. Learn how the industry’s best invest, with the help of Livewire’s James Marlay and Chris Conway. Whether you’re new to investing or a seasoned professional, this podcast is for you. New episodes are released every second Friday, available on Livewire Markets, Spotify, Apple ...
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Photographer Casey Fatchett explores the photography lifestyle as well as business and technical photography tips, all with a healthy dose of humor and nerdiness. Reviews say "I love this podcast more than any podcast I have heard in years." and "This podcast is one not to miss!"
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Surviving in the entrepreneur world is not an easy task. Jenny teaches you how to build a stronger business with blogging and social media tips that are up to date and proven. No more trading time for money! She teaches content and email marketing strategies that helped her build her audience and sell her lifestyle blog for over six figures in 2019. As a former inner city school district teacher she understands the importance of breaking strategies into bite size pieces of information all wi ...
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Welcome to The Socially Sands Private Podcast 💃 This is a one-stop-shop for EVERYTHING; business growth, personal development, matriarchal lead business, re-writing your money story, raising babies whilst growing a million dollar empire, social media expansion strategies, personal branding, real time social media platform updates, BTS of my business and SO MUCH MORE.
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The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap stocks. Interviews are published daily to help investors navigate the markets.
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How to monetize a podcast with less than 5,000 followers? When is the best moment to search for a sponsor? Which marketing channel will grow your podcast the fastest? How to develop products and sell them with a podcast? Whether you have a new podcast, are just planning a launch, or want to elevate your existing business, learn the latest audio marketing, branding, content marketing, email marketing, conversion optimization, and general podcast marketing tactics that work today! Let’s uncove ...
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In this Christmas Eve episode of DEX in the City, hosts Jessi Brooks, Katherine Kirkpatrick Bos, and Vy Le break down a pivotal moment for crypto: the industry is no longer operating as a self-contained, oppositional ecosystem. It’s converging with traditional finance. And the cool thing? Washington is responding. The trio unpacks the latest on the…
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In this episode of the Milk Road Show, onchain analyst Matt Crosby breaks down why Bitcoin’s price action in 2025 confused almost everyone, and why that confusion is the point. ETFs, long-term holder selling, institutional demand, and shifting macro forces have quietly rewired how Bitcoin moves, flattening volatility while changing what bull and be…
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Is crypto market structure bill still alive? Washington has delivered big crypto wins in 2025 — but the most important piece of legislation is still missing. In this video, we break down where U.S. market structure law stands, why the Senate is stalling, and the three friction points that could derail everything. With shutdown risks, midterms loomi…
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Excerpt from Beyond Markets Podcast, originally published on 01.10.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. Structured products can provide investors with capital protection, enhan…
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Congress has officially kicked the crypto market structure bill into 2026, a move that surprises no one but still carries real risk as negotiations drag into an election year shaped by shutdown fights, midterms, and deep partisan disagreements over ethics, DeFi compliance, and stablecoin yields. Despite the delay, momentum hasn’t fully died, with o…
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Mark Zandi is one of the few economists who can do two things at once: explain what is happening in the data, and explain why households experience it so differently. He is the chief economist at Moody's Analytics, and in our conversation, the last of my podcast series this year and the second of two Holiday Specials, he connected inflation, afford…
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What if the secret to a more powerful author brand isn’t working harder… but thinking more like a storyteller? If you’ve ever felt your nonfiction writing or marketing could use more spark, this episode will open your eyes. USA Today bestselling author, psychologist, and writing mentor Anne Bartolucci, PhD, reveals how fiction techniques can transf…
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Greg Xethalis, General Counsel at Multicoin Capital joins the podcast to discuss the history of ETFs, what we can learn from the first Bitcoin ETF, and the interplay between the CLARITY Act and RFIA. This episode also covers the challenges of disclosure in decentralized systems, and why principles-based regulation is essential for the next phase of…
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This is an early preview to the back half of this weekend’s show. In this energy-focused interview, we are joined by Josef Schachter, Founder and Editor of the Schachter Energy Report and author of the Eye On Energy report (now on Substack). Josef breaks down a volatile 2025 for oil and natural gas and lays out why 2026 could mark a major inflectio…
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In this episode of the Milk Road Show, Kyle Reidhead breaks down why crypto is no longer one big market, why most altcoins were left behind, and why 2026 won’t look anything like past cycles. Institutions did show up… just not where most people expected. Retail disappeared. AI stole attention and capital. And a handful of crypto use cases quietly k…
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In this KE Report company update, I’m joined by David Stein, President & CEO of Kuya Silver (CSE: KUYA - OTCQB: KUYAF - FRA: 6MR1), for a year-end wrap-up and a look ahead to 2026. The discussion focuses on production progress at the Bethania Silver Project in Peru, near-term drilling plans, and a new high-grade silver discovery in Saudi Arabia. Ke…
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Coinbase Institutional predicts these three things will dominate crypto in 2026. A new report from Coinbase Institutional argues that crypto prices in 2026 will be defined by institutional participation and market plumbing rather than retail momentum. CoinDesk's Jennifer Sanasie breaks down Coinbase's 2026 crypto predictions on "CoinDesk Daily." - …
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The 2026 D.C. roadmap with House Financial Services Committee Chairman French Hill. House Financial Services Committee Chairman French Hill was named one of CoinDesk’s 50 Most Influential People of 2025. In this interview with CoinDesk’s Jennifer Sanasie, he reflects on a landmark year for the U.S. digital asset industry following the historic sign…
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Ever wondered what actually happens inside a high-impact business mastermind—beyond slogans and vague motivation? We pull back the curtain on our six-woman, six-month program and show how structure, hot seats, and data-backed decisions turn ambition into measurable growth. From curated member mix to weekly rhythms, you’ll hear exactly how we select…
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In this episode, Jacob Robinson and Jonathan Schmalfeld break down the biggest U.S. crypto law and policy developments of the month, from the SEC’s moves toward bringing public markets on-chain to major CFTC moves on derivatives, prediction markets, and collateral. The conversation also covers crypto tax proposals, DeFi governance disputes, banking…
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Excerpt from Beyond Markets Podcast, originally published on 13.08.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. In this episode of Beyond Markets, Mark Matthews, Head of Research Asia …
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Wrapping up the year and planning ahead? Join Monneth Pangatungan of the FirstMetroSec Business Development team, together with Ms. Nelaine Cariño and Ms. Claire Oranda of Philequity Management Inc., as they talk through practical ways to reset your finances and prepare for 2026. In this episode, they discuss: • Reviewing your investments before ye…
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This Weekend’s Show we are replaying two big-picture conversations from earlier in the week. Craig Hemke explains why this metals run looks structural (not just momentum), while Dan Steffens lays out how a “glut” narrative in oil could flip, at the same time LNG-driven natural gas demand tightens and energy stocks offer dividends, buybacks, and M&A…
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John Rubino, [Substack https://rubino.substack.com/ ], joins me for another nuanced discussion around the fundamental drivers, macro catalysts, and technical momentum factors that are driving silver and the precious metals stocks to new all-time highs here at the end of 2025. We also review trading strategies and the potential for valuation reratin…
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Crypto natives entered 2025 with many expectations, but bingo cards likely did not include world leaders launching memecoins. In this first installment of a two part Unchained Special, Ambient Finance founder Doug Colkitt and “Gwart” join to offer a whimsical take on some of the years major happenings as it pertains to crypto. How did an erstwhile …
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In this episode, we go deep into Delphi’s 2026 Market Report to unpack the one liquidity chart most investors are ignoring, and why it could determine whether crypto breaks down… or breaks out over the next 12–24 months. ~~~~~ 🌐 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Unlock the bridge between Wall Street and Web3, see how Chainlink makes tokenization actually work.⁠⁠⁠⁠⁠⁠⁠⁠…
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In this special end-of-year episode of the ArtTactic Podcast, host Adam Green is joined by Brian Boucher, senior market reporter at ARTnews, to unpack one of the most confounding years the art market has seen in recent memory. Building on Boucher’s recent ARTnews article in which he described the year as “the year the art market stopped making sens…
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Crypto M&A hits record-high of $8.6B in 2025. The crypto industry closed out the year with a record $8.6 billion in mergers and acquisitions, driven by pro-crypto policies from the White House. With Coinbase’s historic $2.9 billion acquisition of Deribit leading the charge, is big tech consolidation taking over crypto? CoinDesk's Jennifer Sanasie h…
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For today’s roundup, the Blockspace team shares their year-end 2025 rankings for bitcoin mining stocks. Click here to create your own rankings and share them with us on X by tagging @blockspace! Subscribe to the Blockspace newsletter! Welcome back to The Mining Pod! Today, Will, Colin, and Charlie are back with another (in)famous Vibe Rankings for …
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David Dredge joins the show for a deep dive into why risk is being dangerously misunderstood across global markets, and why Bitcoin’s recent underperformance may actually be a symptom of structural stress, not failure. David explains why volatility itself isn’t the risk, why leverage is the real accelerant, and how TradFi risk models quietly manufa…
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In this episode of the Milk Road Show, we go past the price charts and hype cycles to look at the real mechanics of how crypto becomes part of global finance, and why it’s been slower, messier, and more complicated than most investors expected. ~~~~~ 🌐 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Unlock the bridge between Wall Street and Web3, see how Chainlink makes tokenization…
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TRM Labs' Ari Redbord joins CoinDesk to discuss how 2025’s record-breaking asset recovery efforts and blockchain transparency are countering a 500% surge in AI-driven crypto scams. TRM Labs, Ari Redbord joins CoinDesk's Jennifer Sanasie to dissect a transformative year for crypto security. While 2025 saw high-stakes exploits and a 500% surge in AI-…
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In this company update, Craig Nichol, Founder and CEO of Graphene Manufacturing Group (TSX-V: GMG | OTCQX: GMGMF), highlights two major catalysts as the company transitions from innovation to commercial execution. GMG has secured EPA approval in the US for its THERMAL-XR® coating, clearing the path for material sales through its master distributor,…
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MacroVoices Erik Townsend & Patrick Ceresna welcome, David Rosenberg. They discuss, the U.S. economic outlook, why Rosie’s not concerned about persistent inflation, precious metals, and much more. https://bit.ly/3KJP6iw 🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/44Ixhag ✅Sign up for a FREE 14-day trial at Big Picture Trading: https:…
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Excerpt from Beyond Markets Podcast, originally published on 24.08.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. Investing in private markets has the potential to create long-term value…
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Elaine Ellingham, President and CEO of Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF), joins me for a special video podcast including a comprehensive exploration update expanding upon the updated Resource Estimate of 6.5 million ounces of gold in all categories, from the combined Wenot and Gilt Creek Projects at the Company’s 100%-owned Omai Gold…
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Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Security remains work in progress for crypto — and that may be putting it mildly. This year Bybit was hacked for $1.5 billion, the largest exploit ever, crypto or otherwise. In this Unchained episode, Security Alliance members e…
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Thank you to our sponsor, Mantle. Sign up for their hackathon here! After a “weird” year in the markets, hosts Ram Ahluwalia and Christopher Perkins are joined by Ava Labs’ President John Wu for a candid debate about where crypto really is in the cycle—and what needs to happen next. The panel wrestles with a question many investors are quietly aski…
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The Blockspace Boys count down the best and favorite Bitcoin stories of 2025, from ICE raids in Texas and Operation Chokepoint 2.0 to the explosive pivot to AI and the mystery of the $8B OG whale wallet. Blockspace Boys — Charlie, Colin, and Will — join us to count down the most impactful and wildest stories of the year. They dive deep into the ICE…
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In this episode of the Milk Road Show, the team breaks down what actually went wrong in 2025, and why that disappointment may have created the most bullish setup heading into 2026. This isn’t price hype or cope. It’s a macro-driven look at liquidity, market structure, Ethereum’s evolving role, investor psychology, and why fundamentals kept improvin…
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Does book marketing feel confusing, overwhelming, or like something everyone else understands but you? You’re not alone. And more importantly, you’re not stuck. In this episode, Jason Fishman, CEO of Digital Niche Agency is my guest expert. With over 15 years of experience scaling digital marketing strategies, Jason pulls back the curtain on what a…
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What is the D.C.-crypto revolving door? Outgoing CFTC Acting Chair Caroline Pham is heading to MoonPay, marking the latest high-profile move from D.C. to the crypto sector. But the door swings both ways: the Trump administration is backfilling roles with private-sector heavyweights like Mike Selig and David Sacks. Is this what a modern government l…
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Where bitcoin is headed and other predictions for the New Year with BitMEX Co-Founder and Maelstrom CIO Arthur Hayes. BitMEX Co-founder and Maelstrom CIO, Arthur Hayes has been named one of CoinDesk’s 50 Most Influential People. He joins CoinDesk's Jennifer Sanasie, to discuss his famous and persistent $250,000 bitcoin forecast and the macro forces…
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In this KE Report Daily Editorial, we are joined by Dan Steffens, President of Energy Prospectus Group, for an in-depth year-end discussion focused on the oil and natural gas markets, portfolio positioning, and top energy stock ideas heading into 2026. Dan manages multiple model portfolios spanning large-cap, mid-cap, small-cap, dividend, growth, a…
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CoinShares CEO Jean-Marie Mognetti joins the Mining Pod to break down the underdiscussed ways that bitcoin ETFs have changed the crypto market. Subscribe to the Blockspace newsletter! Welcome back to The Mining Pod! Today, Jean-Marie Mognetti, CEO of CoinShares, joins us to talk about the financialization of Bitcoin following the ETF launches. We d…
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With the holiday season upon us, and thrifting a major trend, we’re sharing an episode of Harvard Business School’s Climate Rising podcast that’s focused on extending product life, reducing waste, and the growing role of resale in the circular economy. Climate Rising is all about what businesses are doing, can do, and should do to confront climate …
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Excerpt from Beyond Markets Podcast, originally published on 12.09.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. In this episode of Beyond Markets, we take a closer look at agentic AI, …
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Join the FirstMetroSec Business Development team, Monneth Pangatungan together with Mr. Noel Tordesillas, Senior Vice President of ATR FAMI as they discuss an important shift in mindset. In this episode, they shared insights on: • Nature of "Items" vs. The Enduring Power of Investments • Practical Ways to Give Financial Seeds • Cultivating Financia…
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Join hosts J.D. Barker, Christine Daigle, Jena Brown, and Kevin Tumlinson as they discuss the week's entertainment news, including stories about Kindle, Audible, TikTok, and Barnes & Noble. Then, stick around for a chat with Jenna Blum! Jenna Blum is the New York Times and # 1 internationally bestselling author of novels Those Who Save Us, The Stor…
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Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to discuss the acquisition of the Del Toro Silver Mine in the Chalchihuites District in Mexico from First Majestic Silver Corp. for total consideration of up to US$60 million, inclusive of delayed and contingent milestone payments. We also get a updat…
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In this year-end daily editorial, Craig Hemke, Founder and Editor of the TF Metals Report, joins the KE Report to recap a historic year for precious metals and look ahead to the structural shifts of 2026. Gold closes the year with a staggering 65% year-to-date gain, while silver has outperformed, nearly doubling that figure. Craig analyzes why the …
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