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We said, somewhere halfway into this Friday and hear your single best idea. We said, okay, there's unknowns, and Muhammad Alarian says there's unknown unknowns or maybe we're to the point where there's unknown unknown unknowns and the only solution is to attempt to listen to smart people. When we were so fortunate this week, Eric and Wan in the whole room. The interns just just superb. The interns Fordom really, I think they're they're they're like almost you know better. Anyways,
we had a great set of conversations. Robert Hormeetz joined us. He is definitive. You know him from Goldman Sachs and all of his work with Kissingers. What you don't know is a young Turk out of Tufts. He assisted Kissinger and Winston Lord in all of the development of our economic philosophy with China. What an honor to speak to Ambassador Hormats today. Here are Hormats, I'm the leader of China.
He's a very methodical person and he does sort of venerate Mao, but he also realizes Mao had a number of issues that made him controversial, but there are two parts of the Mau background that are extremely important to understand. Mao made one point that we've been bullied by the foreigners over the last one hundred years, and we're not going to be bullied again, and she is very much of the view that that must be a critical part of China's strategy to be invulnerable to bullying or pressure
or leveraged by the foreigners. The second is that Mao understood and she understands that the fall of the Soviet Union was in part because they did not have a lot of trading partners. They were confined to very few products that they produced and a very few countries to sell them to. And he she Jinpain was going to make sure that China had a broad range of trading partners and had a very diversified economy and therefore could not be leveraged by the United States or anyone else.
Robert Romance of Kissinger Associates, we hope to have him on to give us perspective on the ARC. As this morning, the Chinese announced that presidency will attend Washington in September. On bonds. It was priced down and yield up and there's no one better to talk to and Ian Lingen, he is definitive at the Bank of Montreal with demo capital markets. Ian Lingen on your ten year yield.
Well, I think that the world looks at ten year yields. I look at the two year yield. There's nothing more than reflection of near term monetary policy expectations. And so anytime we're over four percent in this environment, that means that we're really contemplating rate hikes, which I don't think should be on the table. The long bond is more of an inflation story, and as we see, five handle on the thirty year is troubling for a lot of
different asset classes. So I do think that the shape of the curve is going to be the story to follow this year.
Ian Lincoln to be more capital Marcu, It's an extraordinary week. We dive into next week in the hallmark clearly is the twentieth the earnings, the revenues, the future for Nvidia on podcasts, Audit, Apple and Spotify YouTube podcasts, single best idea