The progression follows some descending bass line, and instead of IV, it's a iv chord. It's the following chord that I'm wondering about (0:39).
The bass plays the.. minor seventh of the key, the main melody plays the fifth. Could it be a bIII chord?
The bass plays the fifth of the chord. The melody plays the third. The root is somewhere in the harmony.
The root, being the minor third of the key, would lead to the major third, making it a p cool move.
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The next chord comes at 1:07. Instead of circle of fifth'ing back to the tonic like the previous section (~0:50), it goes from the ii > ? > V.
During ?'s duration, there's prominent usage of the fourth, minor sixth and minor seventh. I don't have any guesses at what that chord's supposed to be.
That minor sixth sets up the fifth in the next chord, though, right?