We are joined by one of the best central bank watchers in the world, Dario Perkins of TS Lombard to discuss whether negative equity in central banks practically matter.  Dario says theoretically no, but practically yes while also introducing his "Perkins rule" for recession watching.  Check out our new Crypto content at https://stenoresearch.com/category/crypto-moves/ and sign up for a 2 week free trial. You even get 20% off your first three payments with the code 'crypto20'. Hosts: Andreas Steno Larsen and Emil Møller Guest. Dario Perkins Special guest: Mads Eberhardt