christopher is joining us here at ray dalio saying yes they will have to cut rates paired router -- robert schilleralking about fears of a recession could be a self-fulfilling prophecy. paul: 2024 is a little far away. if you are a long-term investor, player time advantage here. i'll are cost averaging in this market in 2022, 2023, and 2024. the essence of the answer is, just too soon to call rate cuts in 2024. we do not know what might happen yet in 2023. plan your long-term advantage if you are a long-term investor, use your cost averages irrespective of what the data looks like. alix: the only currency a central bank has his credibility, and the ecb tested that. if the hike i too much and then have to cut in 2024, what does it mean for global markets? do they need to start thinking about it now? paul: i mean, the idea that if there is a recession or significant slowdown, you will see markets react. but they will do it this year, not in 2023 or 2024. so let's see what is up first, slow down. want to be invested in quality for right now. if you use that dollar cost averaging technique, then you wi

the nobel prize-winning economist robert schiller just told the bloomberg news the exact same thing. he said americans are more likely to succumb to a self- fulfilling prophecy of a downturn right now because the country is collectively suffering posttraumatic stress disorder from the pandemic. and finally, we have heard about the avocado shortages, toilet paper shortages, i was reading the other day about a shortage in contract i the latest, they told the distributor's not the promise the customers any supply of sir roger because the factory ground to a halt because of the lack of a pepper that goes into the sauce. reports a it is not a supply- chain problem, it's an agricultural problem. the weather has not been right for the chile pepper. two things, it is 5:16 in the morning, we can't call to confirm details. all spicy jokes aside, the weather will play a more and more prominent role in business. we talk about the climate in crisis, and this may be a minor thing, but it's not to that company. >> you know all the agricultural concerns even across this golden state here. it all han