great to see you. >> thank you. >> mary ann bartels of sanctuary wealth. what do you think, dan?or 18 months, the conference board of u.s. leading indicators has been going lower every month. month over month. if you look at everything that we've just talked about here, we talk about yields that, you know, rick just said could go double digits, not seen in my lifetime or at least in my adult lifetime. we have crude oil at 90, we have the u.s. dollar index at 107. i don't see any scenario where profit margins are going to start improving right now, especially when you consider the fact that i think the unemployment rate only has one place to go, and that is up right now, we're seeing consumer credit, people's credit carts at levels we have not seen in a long time. so, again, i'm not calling for a deep, deep recession, but all the stuff that we talked about, the pain that's happening in the bond market right now, is a reaction to a lot of, you know, behavior that was kicking lots of cans down the road, and i feel like sooner or later, i mean, the chickens are going to come home to

the chief investment strategist for sanctuary wealth, mary ann bartels.ith her calls on the market. we have more to come on "daybreak: australia." this is bloomberg. ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. shery: goldman sachs is suing malaysia and a u.k. court as this agreement festers over a settlement tied to its role in the 1mdb investment fund scandal. how unusual is this step? >> pretty unusual. how often do you hear a bank taking a nation to court? but that is exactly what is happening here with the new york-based goldman sachs, filing a claim in london against malaysia, and this all ties back to the settlement they struck with the country. we all know what the 1mdb scandal was, the diluting of the investment, extraordinary looting. goldman sachs helped with the initial fundraising, and that's been in a number of probes. in the end, goldman had to sign agreements with multiple parties and ended up paying $5 billion. the key part her