Crypto people we love you!! Thanks to y'all and the superlative Publish0x for giving us another chance at crypto in the FT weekend!! This Saturday we mean it.
On the front page! Lookie!! It is us ALL!!
TLDR: Q: what's the diff between just shocking vs. good? A: Intention. Yessss. It's OK then, our strength is the strength of ten because our heart is pure with love for y'all. And purely good intentions.
Then again, our last rant laughing at the FT for thinking a BAYC ad was graffiti pulled us FOUR thumbs down, maybe a record without a fat joke!!! (don't downvote us for fat jokes, baby, we were once 60 lbs over fighting weight & a chubby chaser)
For tonight's love letter to y'all crypto lovers, we offer another Blink 182 punk rock love song for reading music. This song, about the love for the real fans being all that matters, is a top five all time punk rock love song for y'all cuz we love you We love y'all haters too!! Knowing y'all will be tonight at our show lol!!
What a glorious beautiful paper the salmon lady is this weekend!! The chess problem was tasty.
Ganesh delivers another awesome op-ed. Liz and Kwasi actually told everyone the plan well in advance. The markets & all just didn't BELIEVE Truss would ACTUALLY DO IT!! Until she did. Cause, like Elon talking about Putin, biznessmen just can't understand zealots exist. Ganesh says CEOs should remember - Marxism, so popular today on campus, is an "ordained" social order. Right next door, Leninism means a continuous, ongoing fight without quarter. Giving half a loaf means you might have just lost the whole loaf.
Crypto news that dare not speak it's name: Fiat follies crescendo in act two, where Liz throws Kwasi under the bus!! Alas, poor Kwasi, we hardly knew ye. Actually we DID know Kwasi from his immaculate blue chip resume, plus cursing on University Challenge, and writing Britannia Unchained. And we loved Kwasi, 38 days of love, lol, and now?? No chancellor will ever dare to say Laffer Curve again. Austrian econ thoughts in the UK admin are like trees that fall in the forest that don't exist, unheard by the world cuz the FT won't print THAT sort of financial news.
Sadly, Kwasi's demise won't help Truss, tho she IS uniting her party--- in HATE FOR HER!!! Ar ar ar. Gilts are sliding on down. The City is dying!! QUICK send in the clowns!! No, really.
TLDR: The City can't have crypto biz to supplement the City. Nope!!! Paris gets all that crypto boomtown action, thanks FCA! In fact, all pro crypto thoughts from ANY PM's team are cancelled, censored out of the FT. What replaces that futuristic crypto news? How about out of work actors on stilts, yeah, THAT's the ticket!! Words fail us. Even FU's fail conceptually here.
Maybe we are just wrong! Better to send in the clowns then read the real news? 
The World Bank joins the chorus with a forecast of economic doom. Globally, in Iran over forty boys & girls are killed by death protesting the girl killed by the morality squad. Hey THAT's censorship!!! In China, anyone associated with Pooh bear protests is cancelled from the social app they need to live, might be worse than a quick death.
Hungary does a solo album in the fiat effup follies: inflation just hit 30% so they cranked rates up to 18 percent. OK dry humor but this is HILARIOUS. The Fischer effect is going up in the Overton window, it's quite clear ( not in the FT)
let's see, so real interest rates R equal nominal interest rates N minus the inflation rate I. R = N - I. For Hungary, then, what are the real rates?? R = 18% - 30% = NEGATIVE 12%. 
And they say only Japan has negative interest rates!!! Ba da BOOM!!!
While you can still FIND the Fisher Effect in our memes, the Taylor rule about how to fight inflation is being hidden under the rug these days. Remember the Taylor rule? 
NOBODY talks about the Taylor Rule anymore. It has us giggling, link below to Ben Bernanke weaseling away trying to destroy the Taylor rule and cancel Taylor's recent comments about the madness of the central banks lately. And yet here we are!!
Ben gets HIS Nobel Prize as the world convulses. That's show biz baby!! 
Ignore it if you want, dear readers know we hit this prediction!!! a while ago, it's clicking away every month: - gummints are raising rates too low and too slow to stop inflation, just like Taylor said historically and recently.
For Hungary: If inflation is 30%, then the central bank must hike to 32%. Otherwise, yer just chasing the market into stagflation. PREDICTION: AIN'T gonna work. The Hungarian Forint is shouting LOOK OUT BELOW!!! Hey, can we have French clowns? Maybe with the trombones? We love them!! But we are not fussy, we can settle for this fiat follies graph: 
Dear readers know we love those fiat funny graphs!! But don't pick on the Forint.
The math for Merica? Fed rates PLAN to go to 4.25 or 4.5? Inflation now 8.2? Whomp whomp. Cue the death trombone noise from the clowns. 
Taylor rule: to stop inflation, fed rates must equal 8.2 plus 2 = 10.2%. Not gonna happen. The fed is not even halfway there.
Bonus funny: using the old 70's style inflation measurement would read at 2x today, the books are cooked!! Really the Taylor rule mandates the Fed rate at ~19% to break inflation!!! 
Talk about something being memory holed, that would be inflation "adjustments" AND the Taylor rule!!!
Moving on, our fave Long View Katy writes a funny column about the most exciting week in gilts since, well, ever. Textbooks will be written, with chapters on 1. Do not do this and 2. Nor this, 3. Not that either.
It's even funnier though, the UK is now saying that's it, tough love time, no more handouts. OK, ya ya ya, first shovel the ELEVEN FIGURES in free fresh fiat. THEN you say oh we will never do that again. We believe you not. Nice of you to try to help them, Katy. 
Crypto that says crypto: Jem's oped on crypto addiction, where she reduces crypto to a dangerous form of gambling, hits dead trees. This time around, the attempt at balance looks REALLY papered over. No, the culmination of centuries of math & privacy research & development that is open ledger is a bit more than a new variation on seven card stud Texas hold em uberbluff, thanks anyway FT.
That's in in print. Online, we get one article: 
TLDR: Previously unreported, the CFTC, the DoJ AND the SEC subpoenaed Celsius right after Celsius locked up. Just civil, not criminal, but could result in indictments. It's funny, Celsius claimed that they were not hurt by Luna and Terra crashing. Then Celsius bragged that they got out just in time!! Now the CFTC has questions about fraud and Luna / Terra transactions.
The REAL story: One begrudging thanks, FT. It is news, a scoop even, and WTH, a great chance to rehash Celsius clown crimes against nature. 
On the other hand, we had a favorite boss Rob, went on to be an arb superstar, long term capital man, best and the brightest, now a VC angel. Loved him, tho he fired our best friend. We can hear Rob now: “A subpoena is merely a request for information.” Heh.
TBF we also remember Rob shouting “Step! kick! Step! kick! Damn you!!!” to his research team as if we were a chorus line!! And he may have referred to us as “Hoss.” All good, lol.
That's it intrepid FT cryptonauts!! Safe home!! We love you!! 
. Sleep tight when you do!!
Peace out
Love
Dave
ambassador link: https://www.publish0x.com?a=WZdPKv2bKg
All the, small things
True care, truth brings
I'll take, one lift
Your ride, best trip
Late night, come home
Work sucks, I know
She left me roses by the stairs,
surprises let me know she cares
One night somewhere on the Texas indy punk rock circuit, San Antonio, Dallas, Austin, Galveston or nearby, the night had gone straight to hell when the cops shut down the punk club again. We then went to a radio show at 11:45, we were on the air!! Hey, we're from Houston!! Girls, laughter, cracking open whiskey, life is looking sweet!!
BAM! 12:00 midnight hit. In a truly surreal moment, the alternative Texas radio station turned back into a 24 hr Christian radio station. We had no idea. Bright lights, & Y'all are no longer welcome here sir. The whisky & the girls disappeared. Along with the hope of getting anything more to drink under the local blue laws. Suddenly we were in the van, trying to sleep on a very hard side of a bass amp cabinet. Feeling like crying.
The voices of angels appeared outside the van in a beautification of the night. It was the K-mart Groupies, our favorite drunk rock / alienation jazz punk punker fans. Blue big hair, emo eye makeup. Torn layered dresses, boots and leather with chrome studs, they had come up for the (cancelled ) show.
Could never even get a good-night kiss off the self named "groupies." Those true fangirls had unbending & uptight principles and morals. But they spoke to us, perked us up considerable. And gave us a PILLOW, dear, sweet heaven. They said they wished they had more to give, like a blanket but (their punch line) they were only the KMART Groupies!!! Ar ar ar ar ar !!! And we had to give the pillow back for Grandma tomorrow. Goodnight, darling K-mart girls where ever you are...we will always love you for that.
Always, I know
You'll be at my show
Watching, waiting,
commiserating
Say it ain't so, I will not go,
turn the lights off, carry me home
Na, na...
more love
Dave
