Crypto people. we love you! Thanks for being alive! And lively enough to make the scene surfing with the hip kids on the tsunami of the rumbling PublishOx!!
. Improving the fabric of FT crypto coverage one click at a TIME baby!
The gorgeous salmon lady. Had to relearn the word "febrile" today! It still means feverish ! That means frenzied and like at least fast moving zombie in the States! Sadly on this side, rather a weak, fevered patient like the UK economy.
OK, we interrupt our regularly scheduled rant to get sad and serious for a moment over Liz getting nuked from orbit. And dear readers know that's ver hard for us, we want to make all the trading floor jokes first!! ok we will: TRIGGER WARNINGS!!! LIz worked 44 days this year, it was too much so she quit!! Typical Brit/Tory work ethic!! Hey, good run for a Blonde tho!! Dear god, Liz's exit might restore BoJo in #10!! That would be two blondes in a row - aka a WIND TUNNEL!!! 
, Bada BOOM !! Feminists are now proud a female PM holds the record for shortest term!
OK, sorry, couldn't do it. Maybe later! TBF, the FT is very sore over the Liz & Kwasi show. They say the budget was "preening" and arrogant and not foretold ( "trailed" ) tho it WAS according to Janesh. The eds are FOUL in the op ed, shattered, trashed, woeful. Disastrous, chaos, laughable, absurd, desperate, spooked, unprecedented emergency, financial hand grenade!! Foul or what lol!!
In her stupendous fail, Liz and Kwasi ran roughshod over the financial orthodoxy, which just now sadly made it stronger. Shed a tear.
Really, a crying shame. Check this JERK crowing in the letters section!! He's doing a victory dance from his lofty emeritus prof post at king's college!! AUSTRIAN ECON IS DEAD !!! he sez; 
At first we are thinking, ok give the devil his due, we all lost this round big time. Then Chris hits us with his big fattie Emeritus Prof title at King's College and we feel even worse. But then, wait, what's that? HE's a PROF IN GEOGRAPHY!!???! GO STUDY A ROCK YOU #(#&$#($&!! Seriously, now we're mad. WTF is King's college anyway, some people think it's all that!! Let's have less of King's college sliding down the rankings, Prof!!! From IDIOTS destroying credibility like YOU!!! Yeah, ok. King's college is down so far that NYU ranks it ar ar ar! Beware the Violets!! Only FOUR UK colleges made the top 30 list - and KINGS ain't one of em!! Tell ya what prof go get someone in the famous (but still sinking) King's humanities department to help you with your next core sample, you $#(*#$&(#*!! schmuck. 
Massive TradFi corruption today, with bonus funny lawyer monkeyshines!! Famous Apollo Global founder, Leon Black, is facing a me-too lawsuit in New York. Leon is also in court accusing his ex-mistress of extorting him, lol! The famous NY Prosecutor is Joan, she who took down Harvey Weinstein. Suddenly, prosecutor Joan quits prosecuting to TAKE A JOB AT Leon's boutique LAW FIRM ( two people in the firm ROFL.) Joan's talents are needed to fight the ex-mistress, we reckon.
The LME's lawsuits for being with fear and with favor continue!! Meanwhile, warehouses are about to be filled with deliveries of cheap Russian metal no one wants to trade!! that's funny.
Crypto that dare not speak it's name: 
TLDR: The gilt market was pure horrowshow!! In Merica's 24 trillion world o bonds, the market locked back in March and the Fed jumped in! Looks calm now, but various stats plus Janet Yelling say liquidity is so dry it's crunchy time!!!
Why? Well, the US has been superturbocharged printing bonds. Total outstanding issuance has gone 2x since 2015, and 4x since 2007, totally outpacing bank capital. Which is effed up. QT, quant tightening, will not be benign. in addition, thanks to reserve reghammering, big broker dealer banks had to quit holding the extra 10% of the bond market they used to, so THAT shock absorber is GONE DADDY GONE. So the Fed is on bond market suicide watch standby to jump in again. 
This is stunningly bad news and really matters. The US FI market is supposed to be the last bastion of the free markets, set the risk free dollar interest rate, etc. Instead, it will probably follow the UK's latest follies.
Crypto in the FT today AND online NADA!! It's been pretty dry lately, we know the FT is saddle sore. That's four days in a row in print tho!!!
That's ok, it's the universe's way of telling us to get back to the serious elegy for Liz's dreams. We wanted to play her elegy music - the golden age of leather by blue oyster cult would be apropos- but we can't get ourselves to do THAT either, lol. SO here's Hell Bent for Leather instead, a nice mature version heh!!
Try it again, here we go!!!
The spirit you just saw the cancelled Liz & Kwasi show try? hell bent, dare we say? We all know she never had a chance, only she thought she did. A plucky plan, Laffer curve, skip the review board, give it a try team!!
What's the last thing to go thru a bug's mind when the truck hits it!??! Heh
. Luongo at goats guns and gold says Liz & Kwasi got hit so hard it was like a conspiracy. Even by OUR standards, that's crazy, no need to go there.
The ugly truth is that the PM was never in charge. The UK has been pumping out those bonds for a LONG time now. Those BONDs are in charge. The DEBT is the MASTER. Hah, LIz & Kwasi thought they could do what she wanted!! Nope, the investors and the banks and the bond market went hell no, you won't!! Lead pipe cinch, baby. NEXT!!! Brutal, fast but super sad. We are not articulating this tragedy in one part well enough.
There's a lesson there for all of us, and for the rest of the world. There is no wisdom like the law of the markets, propped and controlled and papered as they are. & once yer a debt slave, there ya are!!
There's many who tried to prove that they're faster
But they didn't last and they died as they tried
Too late, gotta sleep.
Please ask a pal to follow me ! ambassador link: https://www.publish0x.com?a=WZdPKv2bKg
twitter @davidsawyer I will follow you back
Peace out,
Love
Dave
Lol Judas Priest gotta ride the rat bike on stage, we unnerstand. We've seen a few idiots ride bikes into bars in Michigan. Hell, we ourselves have ridden bikes into bars in Texas, not that big a deal. Only ever saw one bike in a bar in NYC tho. Baby New Year in his diaper did a burnout on his Harley inside the original Hog's n Heifers downtown while we all laughed till our sides hurt for days.
