Monday, 15 October 2018

Who likes ETFs?!

Not I! Ha! 'Do you even know what ETFs are, boss?' Ha! 'Well, do you?' Ha, ha, ha! Don't ask me such questions, Voice.

Anyway, EDHEC, a business school, has done a survey or something. 'How do you know?' They told me in an email. 'Oh.' Yeah.

The EDHEC European ETF and Smart Beta and Factor Investing Survey, polled 163 European ETF and Smart Beta Investors and found that:

'What did they find, boss?!' Be patient! Please! Christ!

Investors show a significant interest for Fixed-Income Smart Beta solutions and plan to increase their investment in them, but they do not consider there to be enough research in the area.

Oh, okay. 'Is that it?!' No.

Since 2006, the increase in the percentage of investors using ETFs in traditional asset classes has been spectacular: in 2006, 45% of respondents used ETFs to invest in equities, compared with 92% in 2018. As for governments and corporate bonds, the results grew from 13% and 6% in 2006, to 62% and 66%, respectively, in 2018.

Okay. Fair enough. I think -  'Is that it?!' No.

Appreciation has remained at high levels, especially for traditional asset classes, with a significant increase for equity ETFs and government bonds which now enjoy rates of 97% and 92%, respectively.

Okay, okay. Thank you for that, EDHEC. 'Is that it?!' Jesus H. - !!! No.

About two-thirds of respondents (67%) used ETFs to invest in Smart Beta in 2018, a considerable increase compared to 49% in 2014.

Great! And -

Despite this strong motivation, more than 80% of respondents invest less than 20% of their total investments in Smart Beta and Factor investing strategies.

Well, well. Okay, okay. 'Is that it, boss, finally, like?' Ha! No.

50% of investors still plan to increase their use of ETFs in the future despite the already high maturity of this market and high current adoption rates. Top concerns for the respondents are the further developments of Ethical / SRI ETFs, emerging market equity and bond ETFs and Smart Beta ETFs, including multi-factor and smart bond indices.

That ... is it, Voice, reader(s)! / Now, Lionel Martellini, director at the EDHEC-Risk Institute, would be happy to talk about anything I'd like, but - 'Who says?!' The PR person. 'Oh.' But I'm not in the mood. I'm not even into ETFs. 'Why don't you talk to him about music then?' He only likes ETFs, Voice.

...

Right. Anything else? Music? I'm really pleased with my new song, man. It's called Malibu, and it will be on the demo. [Unless I change my mind.] The rhythm in the chorus is a bit similar to another song that will be on the demo, but ... I'll just play it with a slightly different emphasis, you dig? That'll be all right. AC/DC have used the same rhythms in countless songs, with slight variations. 'And Burt Bacharach, Mikey!' Yes, and Burt, too, Voice. 'And Bob Marley!' Well, obviously. Our Bob. That's reggae, ain't it?

Laters!

Thursday, 11 October 2018

[No. 650] I can't stop!

I

Oh, not with double trouble.

And, yes![1], and I'm getting closer / and are YOU(!) ... getting closer?[1], and, ye s![2], and I think we're all getting closer, you dig?[1], and I'm getting closer / and are YOU(!) ... getting closer?[2], and when the words are GONE(!) ... maybe we'll be GONE(!), too![1], and I think we're all getting clo ser, you dig?[2], and, uh ... we can only hope, and pray[1], and when the words are GO NE(!) ... maybe we'll be GON E(!), too![2], and get DIZZY(!) now ... ?[1], and, uh ... we can only hop e, and pra y[2], and there's no time like ... eternity![1], and get DIZZY(!) now ... ?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, man, it's so easy, isn't it?[1], and there's no time like ... ete rnity![2], and ... ain't it?[1], and a-RO UND, and a-ROU ND, and a-ROUN D ... / ... and, man, it's so easy, isn't it?[2], and, yes, yes, YES![1], and ... ain't it?[2], and our conscious ness nesses ness nesses ... are just fucking noises, oh, so lovely![1], and, yes, yes, YES![2], and, uh, uh ... ha![1], and our cons cious ness ness es ness nesses ... are just fuck ing noises, oh, so lovely![2], and this is the very best, and I feel ... so happy ... with the, uh, latest developments, and, yes, remember ...[1], and, uh, uh ... ha![2], and, yes, remember ... please![1], and this is the very best, and I feel ... so happy ... with the, uh, latest deve lopments, and, yes, remember ...[2], and ... or maybe learn, I don't know, maybe learn, because, well, you're a new kook to all the action - ?[1], and, yes, remember ... please![2], and, listen, Christ! ... aeronauts of the spirit always spin first class[1], and ... or maybe lea rn, I don't know, maybe lea rn, because, well, you're a new kook to all the action - ?[2], and, yes, obviously, and naturally[1], and, listen, Christ! ... ae ronauts of the spi rit always spin first class[2], and, listen ... if we're going into the future, you don't want to concern yourself with the past[1], and, yes, obviously, and naturally[2], and I'm a changed sha/man, seriously![1], and, listen ... if we're going into the fut ure, you don't want to concern yourself with the past[2], and I feel ... I just feel, you dig?[1], and I'm a changed sha/man, seriously![2], and are YOU(!) ... real?[1], and I feel ... I just feel, you dig?[2], and, y  e  s![3], and are YOU(!) ... re al?[2], and I'm getting closer / and are YOU(!) ... getting closer?[3], and I think we're all getting c  l  o  s  e  r, you dig?[3], and when the words are G  O  N  E(!) ... maybe we'll be G  O  N  E(!), too![3], and, uh ... we can only h  o  p  e, and p  r  a  y[3], and get DIZZY(!) now ... ?[3], and there's no time like ... e  t  e  r  n  i  t  y![3], and a-  R  O  U  N  D, and a-  R  O  U  N  D, and a-  R  O  U  N  D ... / ... and, man, it's so easy, isn't it?[3], and ... ain't it?[3], and, yes, yes, YES![3], and our c  o  n  s  c  i  o  u  s ness n  e  s  s  e  s ness nesses ... are just f  u  c  k  i  n  g noises, oh, so lovely![3],  and, uh, uh ... ha![3], and this is the very best, and I feel ... so happy ... with the, uh, latest d  e  v  e  l  o  p  m  e  n  t  s, and, yes, remember ...[3], and, yes, remember ... please![3], and ... or maybe l  e  a  r  n, I don't know, maybe l  e  a  r  n, because, well, you're a new kook to all the action - ?[3], and, listen, Christ! ... a  e  r  o  n  a  u  t  s of the s  p  i  r  i  t always spin first class[3], and, yes, obviously, and naturally[3], and, listen ... if we're going into the f  u  t  u  r  e, you don't want to concern yourself with the past[3], and I'm a changed sha/man, seriously![3], and I feel ... I just feel, you dig?[3], and are YOU(!) ... r  e  a  l?[3], and

And, yes![1], and I'm getting closer / and are YOU(!) ... getting closer?[1], and, ye s![2], and I think we're all getting closer, you dig?[1], and I'm getting closer / and are YOU(!) ... getting closer?[2], and when the words are GONE(!) ... maybe we'll be GONE(!), too![1], and I think we're all getting clo ser, you dig?[2], and, uh ... we can only hope, and pray[1], and when the words are GO NE(!) ... maybe we'll be GON E(!), too![2], and get DIZZY(!) now ... ?[1], and, uh ... we can only hop e, and pra y[2], and there's no time like ... eternity![1], and get DIZZY(!) now ... ?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, man, it's so easy, isn't it?[1], and there's no time like ... ete rnity![2], and ... ain't it?[1], and a-RO UND, and a-ROU ND, and a-ROUN D ... / ... and, man, it's so easy, isn't it?[2], and, yes, yes, YES![1], and ... ain't it?[2], and our conscious ness nesses ness nesses ... are just fucking noises, oh, so lovely![1], and, yes, yes, YES![2], and, uh, uh ... ha![1], and our cons cious ness ness es ness nesses ... are just fuck ing noises, oh, so lovely![2], and this is the very best, and I feel ... so happy ... with the, uh, latest developments, and, yes, remember ...[1], and, uh, uh ... ha![2], and, yes, remember ... please![1], and this is the very best, and I feel ... so happy ... with the, uh, latest deve lopments, and, yes, remember ...[2], and ... or maybe learn, I don't know, maybe learn, because, well, you're a new kook to all the action - ?[1], and, yes, remember ... please![2], and, listen, Christ! ... aeronauts of the spirit always spin first class[1], and ... or maybe lea rn, I don't know, maybe lea rn, because, well, you're a new kook to all the action - ?[2], and, yes, obviously, and naturally[1], and, listen, Christ! ... ae ronauts of the spi rit always spin first class[2], and, listen ... if we're going into the future, you don't want to concern yourself with the past[1], and, yes, obviously, and naturally[2], and I'm a changed sha/man, seriously![1], and, listen ... if we're going into the fut ure, you don't want to concern yourself with the past[2], and I feel ... I just feel, you dig?[1], and I'm a changed sha/man, seriously![2], and are YOU(!) ... real?[1], and I feel ... I just feel, you dig?[2], and, y  e  s![3], and are YOU(!) ... re al?[2], and I'm getting closer / and are YOU(!) ... getting closer?[3], and I think we're all getting c  l  o  s  e  r, you dig?[3], and when the words are G  O  N  E(!) ... maybe we'll be G  O  N  E(!), too![3], and, uh ... we can only h  o  p  e, and p  r  a  y[3], and get DIZZY(!) now ... ?[3], and there's no time like ... e  t  e  r  n  i  t  y![3], and a-  R  O  U  N  D, and a-  R  O  U  N  D, and a-  R  O  U  N  D ... / ... and, man, it's so easy, isn't it?[3], and ... ain't it?[3], and, yes, yes, YES![3], and our c  o  n  s  c  i  o  u  s ness n  e  s  s  e  s ness nesses ... are just f  u  c  k  i  n  g noises, oh, so lovely![3],  and, uh, uh ... ha![3], and this is the very best, and I feel ... so happy ... with the, uh, latest d  e  v  e  l  o  p  m  e  n  t  s, and, yes, remember ...[3], and, yes, remember ... please![3], and ... or maybe l  e  a  r  n, I don't know, maybe l  e  a  r  n, because, well, you're a new kook to all the action - ?[3], and, listen, Christ! ... a  e  r  o  n  a  u  t  s of the s  p  i  r  i  t always spin first class[3], and, yes, obviously, and naturally[3], and, listen ... if we're going into the f  u  t  u  r  e, you don't want to concern yourself with the past[3], and I'm a changed sha/man, seriously![3], and I feel ... I just feel, you dig?[3], and are YOU(!) ... r  e  a  l?[3], and

And, yes![1], and I'm getting closer / and are YOU(!) ... getting closer?[1], and, ye s![2], and I think we're all getting closer, you dig?[1], and I'm getting closer / and are YOU(!) ... getting closer?[2], and when the words are GONE(!) ... maybe we'll be GONE(!), too![1], and I think we're all getting clo ser, you dig?[2], and, uh ... we can only hope, and pray[1], and when the words are GO NE(!) ... maybe we'll be GON E(!), too![2], and get DIZZY(!) now ... ?[1], and, uh ... we can only hop e, and pra y[2], and there's no time like ... eternity![1], and get DIZZY(!) now ... ?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, man, it's so easy, isn't it?[1], and there's no time like ... ete rnity![2], and ... ain't it?[1], and a-RO UND, and a-ROU ND, and a-ROUN D ... / ... and, man, it's so easy, isn't it?[2], and, yes, yes, YES![1], and ... ain't it?[2], and our conscious ness nesses ness nesses ... are just fucking noises, oh, so lovely![1], and, yes, yes, YES![2], and, uh, uh ... ha![1], and our cons cious ness ness es ness nesses ... are just fuck ing noises, oh, so lovely![2], and this is the very best, and I feel ... so happy ... with the, uh, latest developments, and, yes, remember ...[1], and, uh, uh ... ha![2], and, yes, remember ... please![1], and this is the very best, and I feel ... so happy ... with the, uh, latest deve lopments, and, yes, remember ...[2], and ... or maybe learn, I don't know, maybe learn, because, well, you're a new kook to all the action - ?[1], and, yes, remember ... please![2], and, listen, Christ! ... aeronauts of the spirit always spin first class[1], and ... or maybe lea rn, I don't know, maybe lea rn, because, well, you're a new kook to all the action - ?[2], and, yes, obviously, and naturally[1], and, listen, Christ! ... ae ronauts of the spi rit always spin first class[2], and, listen ... if we're going into the future, you don't want to concern yourself with the past[1], and, yes, obviously, and naturally[2], and I'm a changed sha/man, seriously![1], and, listen ... if we're going into the fut ure, you don't want to concern yourself with the past[2], and I feel ... I just feel, you dig?[1], and I'm a changed sha/man, seriously![2], and are YOU(!) ... real?[1], and I feel ... I just feel, you dig?[2], and, y  e  s![3], and are YOU(!) ... re al?[2], and I'm getting closer / and are YOU(!) ... getting closer?[3], and I think we're all getting c  l  o  s  e  r, you dig?[3], and when the words are G  O  N  E(!) ... maybe we'll be G  O  N  E(!), too![3], and, uh ... we can only h  o  p  e, and p  r  a  y[3], and get DIZZY(!) now ... ?[3], and there's no time like ... e  t  e  r  n  i  t  y![3], and a-  R  O  U  N  D, and a-  R  O  U  N  D, and a-  R  O  U  N  D ... / ... and, man, it's so easy, isn't it?[3], and ... ain't it?[3], and, yes, yes, YES![3], and our c  o  n  s  c  i  o  u  s ness n  e  s  s  e  s ness nesses ... are just f  u  c  k  i  n  g noises, oh, so lovely![3],  and, uh, uh ... ha![3], and this is the very best, and I feel ... so happy ... with the, uh, latest d  e  v  e  l  o  p  m  e  n  t  s, and, yes, remember ...[3], and, yes, remember ... please![3], and ... or maybe l  e  a  r  n, I don't know, maybe l  e  a  r  n, because, well, you're a new kook to all the action - ?[3], and, listen, Christ! ... a  e  r  o  n  a  u  t  s of the s  p  i  r  i  t always spin first class[3], and, yes, obviously, and naturally[3], and, listen ... if we're going into the f  u  t  u  r  e, you don't want to concern yourself with the past[3], and I'm a changed sha/man, seriously![3], and I feel ... I just feel, you dig?[3], and are YOU(!) ... r  e  a  l?[3], and


II

Ha!

And, y             e                             s![1], and I'm ge tt      ing clos            er / and are YOU(!) ... get       ing closer?[1], and, ye s![2], and I think we're all getting closer, you dig?[1], an     d I'm         getting closer / and are YOU(!) ... getting clo            ser?[2], and when the words are GONE(!) ... maybe we'll be GO           NE(!), too![1], and I think we're all getting clo ser, you dig?[2], and, uh ... we can only hope, and pray[1], and when the words are GO N                          E(!) ... maybe we'll be GON E(!), too![2], and get DIZZ                                     Y(!) now ... ?[1], and, uh ... we can only hop e, and pra y[2], and there's no time like ... eternity![1], and get DIZ               ZY(!) now ... ?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, man, it's so easy, isn't it?[1], and there's no time like ... ete rnity![2], and ... ain't it?[1], and a-RO UND, and a-ROU ND, and a-ROUN D ... / ... and, man, it's so easy, isn't it?[2], and, yes, ye            s, YES![1], and ... ain't it?[2], and our con             scious ness nesses ness nesses ... ar              e just fu                   ck                         ing nois              es, oh, so lov               ely![1], and, yes, yes, YES![2], and, uh, uh ... ha![1], and our cons cious ness ness es ness nesses ... are just fuck ing noises, oh, so lovely![2], and this is the very best, and I feel ... so happy ... with the, uh, lat                est dev         elopments, and, yes, remem            ber ...[1], and, uh, uh ... ha![2], and, yes, re                     member ... plea                            se![1], and this is the very best, and I feel ... so happ           y ... with the, uh, latest de                  ve lop                           ments, and, yes, remember ...[2], and ... or maybe learn, I don't know, maybe learn, because, well, you're a n                        ew ko                   ok to all the action - ?[1], and, yes, remember ... please![2], and, listen, Christ! ... a      er     on             auts o                  f the sp                      irit always s                pin fir                                        st class[1], and ... or maybe lea rn, I don't know, maybe lea rn, because, well, you're a new kook to all the action - ?[2], and, yes, obvious             sly, and natu               rally[1], and, listen, Christ! ... ae ron                                         auts of the spi rit always spin             first class[2], and, listen ... if we're going into the future, you don't want to con              cern yourself with the past[1], and, yes, ob            viously, and nat           urally[2], and I'm a changed sha/man, serious                  sly![1], and, list                   en ... if we're going into the fut ure, you don't want to conce                    rn yourself wi   th the past[2], and I feel ... I just feel, you dig?[1], and I'm a cha                     nged sha/ma       n, ser        iously![2], and are YOU(!) ... real?[1], and I feel ... I just feel, you dig?[2], and, y  e  s![3], and are YOU(!) ... re al?[2], and I'm get             ting closer / and are YOU(!) ... get                    ting closer?[3], and I think we're all getting c  l  o  s  e  r, you dig?[3], and when the wo                 rds are G  O                          N  E(!) ... maybe we'll be G  O                        N  E(!), too![3], and, uh ... we can only h  o  p  e, and p  r  a  y[3], and get DIZZY(!) now ... ?[3], and there's no time like ... e  t  e  r  n  i  t  y![3], and a-  R  O  U  N  D, and a-  R  O  U  N  D, and a-  R  O                            U  N  D ... / ... and, man, it's so easy, isn't it?[3], and ... ain't it?[3], and, yes, yes, YES![3], and our c  o  n  s  c  i  o  u  s ness n  e  s  s  e  s ness nesses ... are just f  u  c  k  i  n  g noi               ses, oh, so love                   ly![3],  and, uh, uh ... ha![3], and this is the ve         ry be         st, and I feel ... so hap  p  y ... with the, uh, latest d  e  v  e  l  o  p  m  e  n  t  s, and, yes, remember ...[3], and, yes, remem ber ... please![3], and ... or maybe l  e  a  r  n, I don't know, maybe l  e  a  r  n, because, well, you're a new koo                   k to all the act                             ion - ?[3], and, listen, Christ! ... a  e  r  o  n  a  u  t  s of the s  p  i                    r  i  t always spin first class[3], and, yes, obv  iously, and nat   urally[3], and, lis         ten ... if we're go  ing into the f  u  t  u  r  e, you don't want to co                   ncern your                          self with the pa                       st[3], and I'm a cha               nged sha/man, s           erious   sly![3], and I feel ... I ju                               st fe                 el, you di                g?[3], and are Y             O                 U(!) ... r  e                a  l?[3], and

And, y             e                             s![1], and I'm ge tt      ing clos            er / and are YOU(!) ... get       ing closer?[1], and, ye s![2], and I think we're all getting closer, you dig?[1], an     d I'm         getting closer / and are YOU(!) ... getting clo            ser?[2], and when the words are GONE(!) ... maybe we'll be GO           NE(!), too![1], and I think we're all getting clo ser, you dig?[2], and, uh ... we can only hope, and pray[1], and when the words are GO N                          E(!) ... maybe we'll be GON E(!), too![2], and get DIZZ                                     Y(!) now ... ?[1], and, uh ... we can only hop e, and pra y[2], and there's no time like ... eternity![1], and get DIZ               ZY(!) now ... ?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, man, it's so easy, isn't it?[1], and there's no time like ... ete rnity![2], and ... ain't it?[1], and a-RO UND, and a-ROU ND, and a-ROUN D ... / ... and, man, it's so easy, isn't it?[2], and, yes, ye            s, YES![1], and ... ain't it?[2], and our con             scious ness nesses ness nesses ... ar              e just fu                   ck                         ing nois              es, oh, so lov               ely![1], and, yes, yes, YES![2], and, uh, uh ... ha![1], and our cons cious ness ness es ness nesses ... are just fuck ing noises, oh, so lovely![2], and this is the very best, and I feel ... so happy ... with the, uh, lat                est dev         elopments, and, yes, remem            ber ...[1], and, uh, uh ... ha![2], and, yes, re                     member ... plea                            se![1], and this is the very best, and I feel ... so happ           y ... with the, uh, latest de                  ve lop                           ments, and, yes, remember ...[2], and ... or maybe learn, I don't know, maybe learn, because, well, you're a n                        ew ko                   ok to all the action - ?[1], and, yes, remember ... please![2], and, listen, Christ! ... a      er     on             auts o                  f the sp                      irit always s                pin fir                                        st class[1], and ... or maybe lea rn, I don't know, maybe lea rn, because, well, you're a new kook to all the action - ?[2], and, yes, obvious             sly, and natu               rally[1], and, listen, Christ! ... ae ron                                         auts of the spi rit always spin             first class[2], and, listen ... if we're going into the future, you don't want to con              cern yourself with the past[1], and, yes, ob            viously, and nat           urally[2], and I'm a changed sha/man, serious                  sly![1], and, list                   en ... if we're going into the fut ure, you don't want to conce                    rn yourself wi   th the past[2], and I feel ... I just feel, you dig?[1], and I'm a cha                     nged sha/ma       n, ser        iously![2], and are YOU(!) ... real?[1], and I feel ... I just feel, you dig?[2], and, y  e  s![3], and are YOU(!) ... re al?[2], and I'm get             ting closer / and are YOU(!) ... get                    ting closer?[3], and I think we're all getting c  l  o  s  e  r, you dig?[3], and when the wo                 rds are G  O                          N  E(!) ... maybe we'll be G  O                        N  E(!), too![3], and, uh ... we can only h  o  p  e, and p  r  a  y[3], and get DIZZY(!) now ... ?[3], and there's no time like ... e  t  e  r  n  i  t  y![3], and a-  R  O  U  N  D, and a-  R  O  U  N  D, and a-  R  O                            U  N  D ... / ... and, man, it's so easy, isn't it?[3], and ... ain't it?[3], and, yes, yes, YES![3], and our c  o  n  s  c  i  o  u  s ness n  e  s  s  e  s ness nesses ... are just f  u  c  k  i  n  g noi               ses, oh, so love                   ly![3],  and, uh, uh ... ha![3], and this is the ve         ry be         st, and I feel ... so hap  p  y ... with the, uh, latest d  e  v  e  l  o  p  m  e  n  t  s, and, yes, remember ...[3], and, yes, remem ber ... please![3], and ... or maybe l  e  a  r  n, I don't know, maybe l  e  a  r  n, because, well, you're a new koo                   k to all the act                             ion - ?[3], and, listen, Christ! ... a  e  r  o  n  a  u  t  s of the s  p  i                    r  i  t always spin first class[3], and, yes, obv  iously, and nat   urally[3], and, lis         ten ... if we're go  ing into the f  u  t  u  r  e, you don't want to co                   ncern your                          self with the pa                       st[3], and I'm a cha               nged sha/man, s           erious   sly![3], and I feel ... I ju                               st fe                 el, you di                g?[3], and are Y             O                 U(!) ... r  e                a  l?[3], and

And, y             e                             s![1], and I'm ge tt      ing clos            er / and are YOU(!) ... get       ing closer?[1], and, ye s![2], and I think we're all getting closer, you dig?[1], an     d I'm         getting closer / and are YOU(!) ... getting clo            ser?[2], and when the words are GONE(!) ... maybe we'll be GO           NE(!), too![1], and I think we're all getting clo ser, you dig?[2], and, uh ... we can only hope, and pray[1], and when the words are GO N                          E(!) ... maybe we'll be GON E(!), too![2], and get DIZZ                                     Y(!) now ... ?[1], and, uh ... we can only hop e, and pra y[2], and there's no time like ... eternity![1], and get DIZ               ZY(!) now ... ?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, man, it's so easy, isn't it?[1], and there's no time like ... ete rnity![2], and ... ain't it?[1], and a-RO UND, and a-ROU ND, and a-ROUN D ... / ... and, man, it's so easy, isn't it?[2], and, yes, ye            s, YES![1], and ... ain't it?[2], and our con             scious ness nesses ness nesses ... ar              e just fu                   ck                         ing nois              es, oh, so lov               ely![1], and, yes, yes, YES![2], and, uh, uh ... ha![1], and our cons cious ness ness es ness nesses ... are just fuck ing noises, oh, so lovely![2], and this is the very best, and I feel ... so happy ... with the, uh, lat                est dev         elopments, and, yes, remem            ber ...[1], and, uh, uh ... ha![2], and, yes, re                     member ... plea                            se![1], and this is the very best, and I feel ... so happ           y ... with the, uh, latest de                  ve lop                           ments, and, yes, remember ...[2], and ... or maybe learn, I don't know, maybe learn, because, well, you're a n                        ew ko                   ok to all the action - ?[1], and, yes, remember ... please![2], and, listen, Christ! ... a      er     on             auts o                  f the sp                      irit always s                pin fir                                        st class[1], and ... or maybe lea rn, I don't know, maybe lea rn, because, well, you're a new kook to all the action - ?[2], and, yes, obvious             sly, and natu               rally[1], and, listen, Christ! ... ae ron                                         auts of the spi rit always spin             first class[2], and, listen ... if we're going into the future, you don't want to con              cern yourself with the past[1], and, yes, ob            viously, and nat           urally[2], and I'm a changed sha/man, serious                  sly![1], and, list                   en ... if we're going into the fut ure, you don't want to conce                    rn yourself wi   th the past[2], and I feel ... I just feel, you dig?[1], and I'm a cha                     nged sha/ma       n, ser        iously![2], and are YOU(!) ... real?[1], and I feel ... I just feel, you dig?[2], and, y  e  s![3], and are YOU(!) ... re al?[2], and I'm get             ting closer / and are YOU(!) ... get                    ting closer?[3], and I think we're all getting c  l  o  s  e  r, you dig?[3], and when the wo                 rds are G  O                          N  E(!) ... maybe we'll be G  O                        N  E(!), too![3], and, uh ... we can only h  o  p  e, and p  r  a  y[3], and get DIZZY(!) now ... ?[3], and there's no time like ... e  t  e  r  n  i  t  y![3], and a-  R  O  U  N  D, and a-  R  O  U  N  D, and a-  R  O                            U  N  D ... / ... and, man, it's so easy, isn't it?[3], and ... ain't it?[3], and, yes, yes, YES![3], and our c  o  n  s  c  i  o  u  s ness n  e  s  s  e  s ness nesses ... are just f  u  c  k  i  n  g noi               ses, oh, so love                   ly![3],  and, uh, uh ... ha![3], and this is the ve         ry be         st, and I feel ... so hap  p  y ... with the, uh, latest d  e  v  e  l  o  p  m  e  n  t  s, and, yes, remember ...[3], and, yes, remem ber ... please![3], and ... or maybe l  e  a  r  n, I don't know, maybe l  e  a  r  n, because, well, you're a new koo                   k to all the act                             ion - ?[3], and, listen, Christ! ... a  e  r  o  n  a  u  t  s of the s  p  i                    r  i  t always spin first class[3], and, yes, obv  iously, and nat   urally[3], and, lis         ten ... if we're go  ing into the f  u  t  u  r  e, you don't want to co                   ncern your                          self with the pa                       st[3], and I'm a cha               nged sha/man, s           erious   sly![3], and I feel ... I ju                               st fe                 el, you di                g?[3], and are Y             O                 U(!) ... r  e                a  l?[3], and

There's a bond market sell-off?!

Well, that's what they say, dear reader(s). I mean, how would I know? Oh, uh ... this PR email stresses that this isn't advice to buy or sell, etc. Blah, blah, blah. You know how it is. 'Yes.' And no endorsements from me, obviously. 'Ha!' I'm just a freakin' shaman, on the mystical side of finance, you dig? / Right -

David Absolon, Investment Director at Heartwood Investment Management, the asset management arm of Handelsbanken in the UK, states: "A bond market sell-off has driven US Treasury yields to multi-year highs, fuelled by fears of rising interest rates amid stronger-than-expected US economic data. The situation has been further exacerbated by a rapidly expanding US budget deficit, funded through additional Treasury issuance and pushing yields higher (particularly on shorter-dated bonds). The current sell-off may even have been significant enough to break US 30-year Treasury yields out of a long-run trading range - previously apparently a well-entrenched downward trend. 30-year Treasury yields reached almost 3.4% on Friday."

Okay, uh ...

"Sharp rises in yields can cause market dislocations, and if the current bond market sell-off becomes more aggressive, it could begin to create genuine problems for equity markets. This is because, first, investors would be less willing to take on equity risk if they could receive a similar return on US government debt whilst taking zero risk, and second because a rise in the long-term cost of money would lower equity valuations today (under discounted future cashflow modelling)."

Oh, right.

"If yields in the US continue to rise significantly, this could also begin to impact the wider economy through higher debt refinancing costs, as well as impacting the housing market (banks charge higher interest rates for mortgages when Treasury yields rise)."

Okay.

"For now, though, higher yields are a sign of economic strength in the US and should therefore be viewed in a positive light. We are positioned for rising yields so are comfortable with developments but, as ever, we will be listening closely should the mood music change."

Okay. Thanks, Dave!

...

Anything else? Music? I've finished my new song, man. 'Yippee!' Yeah. I haven't played it the whole way through yet, so ... I hope there aren't any problems. I just finished the last bit of lyric yesterday, and then left it. I'll start to rehearse it tonight. / It's my fourth "world-beater", as I like to call them. I'll have to leave one off the demo now. I don't know which one, but it's a nice problem to have, ain't it?

What else? Guitar? Well, pop fan(s), my guitar playing moved up a level this week. It's a peculiar thing that happens overnight every six months or so. I remember in 2014, I played my guitar over twenty hours a week for seventeen weeks, and ... I made absolutely no progress whatsoever. However, guitar skill seems to build up in your fingers and brain and then suddenly bursts like a dam one day. It's just one of the mysteries of the guitar, man. / The piano is a piece of piss in comparison. When I was at school, my music teacher said I made four years progress in six months. And I was only practicing four or five hours a week! Maybe I had a special talent for the piano. I don't know. It doesn't matter. It's all bridge over troubled water now, you dig?

Oh, there'll be a conceptual later, and then ... the weekend!

Bye! 'Laters!' Yeah, Voice says laters. Bye!

Wednesday, 10 October 2018

Who is Didier Anthamatten?

Well, well ... / Uh, I'm not sure anyone knows, actually. It looks like we're dealing with another mystery man. But I don't mind. I enjoy mysteries. 'I can tell you something about him, boss.' What, Voice? 'Our Didier has just been appointed as senior investment manager by Unigestion. Apparently, he's mixed up in volatility strategies and some sort of liquid alternatives in outer space.' Yes, idiot. Thanks. Christ! I could have told you all that.

Seriously, who is Didier Anthamatten, dear reader(s)? Who is he really? I don't want to know his job title. I'm not interested in which finance firm he works for. That shit doesn't tell you who a person is.

It's a mystery. That's the truth.

There comes a time when all of us just have accept the mysteries of life. Don't question them! Don't get upset!

...

Anyway, music? I'm making progress with my new song. I only need eight lines of lyric now.

It's always a strange business, man, putting lyrics to a tune that you've had for a while. I mean, I get used to singing gibberish with it, but when the real words turn up ... it often changes my idea of what the song is. Do you understand? 'Not really, boss. What are you going on about?' I was talking to the reader(s). 'Oh.' Okay, Voice. It changes the vibe of the music.

Never mind.

...

Anything else? Uh, music, again? Well, let me put something on. A crazy remix of Dance Hall Days by Wang Chung, on repeat. I prefer the original, but I haven't got it on my media player. 'Go to YouTube.' I will, later. / As great as this song is, I think it's scary a band or artist only having one classic hit. Do you know what I mean?

Listen, kook(s), I was thinking yesterday, it's been exactly eight years since I got back into music. And if I had known in 2010 that the process would be this long and painful, I'm not sure I would have started. 'Ha!' However, I have truly great songs now, decent guitar skills, and a much-improved singing voice. It's all been worth it. I just wish .. it had been easier, you dig? 'Ha!' WHAT?! 'It's certain there is no fine thing since Adam's fall but needs much labouring.' Yes, yes, Voice, I know. W.B. Yeats. I'm just saying, that's all.

Laters.

Tuesday, 9 October 2018

Graphene-based technologies

What are they, dear reader(s)?! Let's find out!

4 October 2018 - Cambridge, UK - Paragraf, the graphene technology development company, has rapidly followed its seed investment of £2.9m, announced in May 2018, with the opening of a groundbreaking, new facility north of Cambridge, UK. The site represents a turning point for graphene-based technologies, enabling Paragraf to drive large-scale development of mass-market, graphene-based electronic devices.

Okay, okay. 'Haven't you got any recent PR emails, boss? This one is from the fourth.' So? Who cares, Voice? I didn't like the look of the other ones. And I wanted to write about graphene-based technologies. Whatever they are.

Paragraf's proprietary production technique overcomes the quality, contamination and reproducibility barriers faced by other graphene production methods. The customized equipment at the Cambridge facility will allow Paragraf to convert its cutting edge laboratory research into novel products, including next generation sensors, solid state electronics and energy storage cells.

Oh. I still don't know what graphene is, man. / Actually, I'm pretty sure that Sir Colin Humphreys would tell us - if only there ... only were ... only a way ... we could contact him, only. 'Ha! Use a mind connection, boss.' Of course! Silly me!

Colin. Colin. Colin, son. Come on, mate! COLIN!!!

Prof. Sir Colin Humphreys, Chairman and Co-Founder of Paragraf, says: "The rate of progress of Paragraf in establishing its R&D facility has been remarkable. Within a few months Paragraf has installed customized large-area graphene production, processing and characterization equipment and fabricated transfer-free graphene on silicon and sapphire wafers. I greatly look forward to the production of its first graphene electronic device later this year."

Eh? Silicon and sapphire wafers?! WTF?! 'Ha! I wonder what they taste like.' Christ knows, Voice! I'll stick to my crumpets, if that's all right with our Colin.

Dr Simon Thomas, CEO and Co-Founder of Paragraf, says: "The new Paragraf facility is a significant step towards realizing the potential of graphene in commercially viable, scalable electronic devices, bringing the beneficial impacts of this wonder material to the world."

Where did he come from?! 'Maybe Simon made a mind connection of his own, boss.' Yeah, I suppose. Cheeky sod!

Wonder material, ha! I'm still none the wiser, me. / Oh, it's atom-layer thick. Look! -

About Paragraf: Paragraf is a spin-out from the Centre for Gallium Nitride group of Professor Sir Colin Humphreys in the Department of Materials Science at the University of Cambridge. Building on significant know-how and IP, Paragraf is developing atom-layer-thick two-dimensional materials, starting with graphene. Through its growing IP portfolio, Paragraf will apply these to a range of advanced electronic, energy and medical devices to benefit society.

Well, that's nice to know.

ENDS.

...

Right. Anything else? Music? Okay, quickly. I'm making progress with the lyric of my new song. I've nearly finished the first verse, and I've got the chorus, too.

Laters!

Monday, 8 October 2018

[No. 649] The way it will be from now on

I

This is the first part. Obviously, you should start with this and then move on to the second part - once you feel confident that you can destroy the words in your mind and maybe even spin beyond the THREE.

And my way, or ...[1], and there's no going back ...[1], and my way, or ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, double trouble, man![1], and there's no going ba ck ...[2], and ... 'Yippee!'[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, dou ble trou ble, man![2], and I like it this BIG(!) and broken, you dig?[1], and ... 'Yippee!'[2], and it's a lot of work, seriously[1], and I like it this BIG(!) and brok en, you dig?[2], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![1], and it's a lot of work, seriously[2], and ... just cosmic, actually![1], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![2], and my advice to the squares? Well, expand yourselves! You never know, you might like it[1], and ... just cos mic, actually![2], and feeling BIG(!) now / and aren't you?[1], and my advice to the squ ares? Well, ex pand yourselves! You never know, you might like it[2], and consciousness ness ... that's what it's all about, son, daughter, oh, my kook(s)[1], and feeling BIG(!) now / and aren't you?[2], and bang a drum, loudly, so they can hear it/us out there, wake them up[1], and conscious ness ness ... that's what it's all about, son, daughter, oh, my kook(s)[2], and yes, yes, yes[1], and ba ng a dru m, loudly, so they can hear it/us out there, wake them up[2], and let them be scared - if they don't want to join us ...[1], and yes, yes, yes[2], and be positive[1], and let them be scar ed - if they don't want to join us ...[2], and I like this ... oh, very much / and ... there's more room to breathe - and to go INSANE!!![1], and be positive[2], and so crazy, uh, kook(s)![1], and I like this ... oh, very much / and ... there's more room to breathe - and to go IN SANE!!![2], and a-ROUND ... faster than ever![1], and so crazy, uh, kook(s)![2], and with such freedom, and such joy![1], and a-ROUND ... faster than ever![2], and I see ... sparks![1], and with such freedom, and such joy![2], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![1], and I see ... spa rks![2], and we must seem like MONSTERS to, uh ... them, those, those others, ha![1], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![2], and what do they think they are?![1], and we must seem like MON STERS to, uh ... them, those, those others, ha![2], and, listen, casual observers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[1], and what do they think they are?![2], and ... 'What does it mean, Mikey?!'[1], and, listen, cas ual ob servers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[2], and, well, it means ... that the kooks and I ... are beyond the THREE, do you dig me?[1], and ... 'What does it mean, Mikey?!'[2], and, okay, okay, yes, yes, oh![1], and, well, it means ... that the koo ks and I ... are beyond the THREE, do you dig me?[2], and it could happen with any conceptual, coming up[1], and, okay, okay, yes, yes, oh![2], and, listen ...[1], and it could happen with a ny conceptual, coming up[2], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[1], and, list en ...[2], and, Christ![1], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[2], and I can only wish you the best of luck, you aeronaut of the spirit you![1], and, Christ![2], and what a life, eh?![1], and I can only wish you the best of luck, you aero naut of the spir it you![2], and my way, or ...[3], and what a life, eh?![2], and there's no going b  a  c  k ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, d  o  u  b  l  e t  r  o  u  b  l  e, man![3], and ... 'Yippee!'[3], and I like it this BIG(!) and b  r  o  k  e  n, you dig?[3], and it's a lot of work, seriously[3], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![3], and ... just c  o  s  m  i  c, actually![3], and my advice to the s  q  u  a  r  e  s? Well, e  x  p  a  n  d yourselves! You never know, you might like it[3], and feeling BIG(!) now / and aren't you?[3], and c  o  n  s  c  i  o  u  s  n  e  s  s ness ... that's what it's all about, son, daughter, oh, my kook(s)[3], and b  a  n  g a d  r  u  m, loudly, so they can hear it/us out there, wake them up[3], and yes, yes, yes[3], and let them be s  c  a  r  e  d - if they don't want to join us ...[3], and be positive[3], and I like this ... oh, very much / and ... there's more room to breathe - and to go I  N  S  A  N  E!!![3], and so crazy, uh, kook(s)![3], and a-ROUND ... faster than ever![3], and with such freedom, and such joy![3], and I see ... s  p  a  r  k  s![3], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![3], and we must seem like M  O  N  S  T  E  R  S to, uh ... them, those, those others, ha![3], and what do they think they are?![3], and, listen, c  a  s  u  a  l o  b  s  e  r  v  e  r  s ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[3], and ... 'What does it mean, Mikey?!'[3], and, well, it means ... that the k  o  o  k  s and I ... are beyond the THREE, do you dig me?[3], and, okay, okay, yes, yes, oh![3], and it could happen with a  n  y conceptual, coming up[3], and, l  i  s  t  e  n ...[3], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[3], and, Christ![3], and I can only wish you the best of luck, you a  e  r  o  n  a  u  t of the s  p  i  r  i  t you![3], and what a life, eh?![3], and

And my way, or ...[1], and there's no going back ...[1], and my way, or ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, double trouble, man![1], and there's no going ba ck ...[2], and ... 'Yippee!'[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, dou ble trou ble, man![2], and I like it this BIG(!) and broken, you dig?[1], and ... 'Yippee!'[2], and it's a lot of work, seriously[1], and I like it this BIG(!) and brok en, you dig?[2], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![1], and it's a lot of work, seriously[2], and ... just cosmic, actually![1], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![2], and my advice to the squares? Well, expand yourselves! You never know, you might like it[1], and ... just cos mic, actually![2], and feeling BIG(!) now / and aren't you?[1], and my advice to the squ ares? Well, ex pand yourselves! You never know, you might like it[2], and consciousness ness ... that's what it's all about, son, daughter, oh, my kook(s)[1], and feeling BIG(!) now / and aren't you?[2], and bang a drum, loudly, so they can hear it/us out there, wake them up[1], and conscious ness ness ... that's what it's all about, son, daughter, oh, my kook(s)[2], and yes, yes, yes[1], and ba ng a dru m, loudly, so they can hear it/us out there, wake them up[2], and let them be scared - if they don't want to join us ...[1], and yes, yes, yes[2], and be positive[1], and let them be scar ed - if they don't want to join us ...[2], and I like this ... oh, very much / and ... there's more room to breathe - and to go INSANE!!![1], and be positive[2], and so crazy, uh, kook(s)![1], and I like this ... oh, very much / and ... there's more room to breathe - and to go IN SANE!!![2], and a-ROUND ... faster than ever![1], and so crazy, uh, kook(s)![2], and with such freedom, and such joy![1], and a-ROUND ... faster than ever![2], and I see ... sparks![1], and with such freedom, and such joy![2], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![1], and I see ... spa rks![2], and we must seem like MONSTERS to, uh ... them, those, those others, ha![1], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![2], and what do they think they are?![1], and we must seem like MON STERS to, uh ... them, those, those others, ha![2], and, listen, casual observers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[1], and what do they think they are?![2], and ... 'What does it mean, Mikey?!'[1], and, listen, cas ual ob servers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[2], and, well, it means ... that the kooks and I ... are beyond the THREE, do you dig me?[1], and ... 'What does it mean, Mikey?!'[2], and, okay, okay, yes, yes, oh![1], and, well, it means ... that the koo ks and I ... are beyond the THREE, do you dig me?[2], and it could happen with any conceptual, coming up[1], and, okay, okay, yes, yes, oh![2], and, listen ...[1], and it could happen with a ny conceptual, coming up[2], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[1], and, list en ...[2], and, Christ![1], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[2], and I can only wish you the best of luck, you aeronaut of the spirit you![1], and, Christ![2], and what a life, eh?![1], and I can only wish you the best of luck, you aero naut of the spir it you![2], and my way, or ...[3], and what a life, eh?![2], and there's no going b  a  c  k ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, d  o  u  b  l  e t  r  o  u  b  l  e, man![3], and ... 'Yippee!'[3], and I like it this BIG(!) and b  r  o  k  e  n, you dig?[3], and it's a lot of work, seriously[3], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![3], and ... just c  o  s  m  i  c, actually![3], and my advice to the s  q  u  a  r  e  s? Well, e  x  p  a  n  d yourselves! You never know, you might like it[3], and feeling BIG(!) now / and aren't you?[3], and c  o  n  s  c  i  o  u  s  n  e  s  s ness ... that's what it's all about, son, daughter, oh, my kook(s)[3], and b  a  n  g a d  r  u  m, loudly, so they can hear it/us out there, wake them up[3], and yes, yes, yes[3], and let them be s  c  a  r  e  d - if they don't want to join us ...[3], and be positive[3], and I like this ... oh, very much / and ... there's more room to breathe - and to go I  N  S  A  N  E!!![3], and so crazy, uh, kook(s)![3], and a-ROUND ... faster than ever![3], and with such freedom, and such joy![3], and I see ... s  p  a  r  k  s![3], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![3], and we must seem like M  O  N  S  T  E  R  S to, uh ... them, those, those others, ha![3], and what do they think they are?![3], and, listen, c  a  s  u  a  l o  b  s  e  r  v  e  r  s ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[3], and ... 'What does it mean, Mikey?!'[3], and, well, it means ... that the k  o  o  k  s and I ... are beyond the THREE, do you dig me?[3], and, okay, okay, yes, yes, oh![3], and it could happen with a  n  y conceptual, coming up[3], and, l  i  s  t  e  n ...[3], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[3], and, Christ![3], and I can only wish you the best of luck, you a  e  r  o  n  a  u  t of the s  p  i  r  i  t you![3], and what a life, eh?![3], and

And my way, or ...[1], and there's no going back ...[1], and my way, or ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, double trouble, man![1], and there's no going ba ck ...[2], and ... 'Yippee!'[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, dou ble trou ble, man![2], and I like it this BIG(!) and broken, you dig?[1], and ... 'Yippee!'[2], and it's a lot of work, seriously[1], and I like it this BIG(!) and brok en, you dig?[2], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![1], and it's a lot of work, seriously[2], and ... just cosmic, actually![1], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![2], and my advice to the squares? Well, expand yourselves! You never know, you might like it[1], and ... just cos mic, actually![2], and feeling BIG(!) now / and aren't you?[1], and my advice to the squ ares? Well, ex pand yourselves! You never know, you might like it[2], and consciousness ness ... that's what it's all about, son, daughter, oh, my kook(s)[1], and feeling BIG(!) now / and aren't you?[2], and bang a drum, loudly, so they can hear it/us out there, wake them up[1], and conscious ness ness ... that's what it's all about, son, daughter, oh, my kook(s)[2], and yes, yes, yes[1], and ba ng a dru m, loudly, so they can hear it/us out there, wake them up[2], and let them be scared - if they don't want to join us ...[1], and yes, yes, yes[2], and be positive[1], and let them be scar ed - if they don't want to join us ...[2], and I like this ... oh, very much / and ... there's more room to breathe - and to go INSANE!!![1], and be positive[2], and so crazy, uh, kook(s)![1], and I like this ... oh, very much / and ... there's more room to breathe - and to go IN SANE!!![2], and a-ROUND ... faster than ever![1], and so crazy, uh, kook(s)![2], and with such freedom, and such joy![1], and a-ROUND ... faster than ever![2], and I see ... sparks![1], and with such freedom, and such joy![2], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![1], and I see ... spa rks![2], and we must seem like MONSTERS to, uh ... them, those, those others, ha![1], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![2], and what do they think they are?![1], and we must seem like MON STERS to, uh ... them, those, those others, ha![2], and, listen, casual observers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[1], and what do they think they are?![2], and ... 'What does it mean, Mikey?!'[1], and, listen, cas ual ob servers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[2], and, well, it means ... that the kooks and I ... are beyond the THREE, do you dig me?[1], and ... 'What does it mean, Mikey?!'[2], and, okay, okay, yes, yes, oh![1], and, well, it means ... that the koo ks and I ... are beyond the THREE, do you dig me?[2], and it could happen with any conceptual, coming up[1], and, okay, okay, yes, yes, oh![2], and, listen ...[1], and it could happen with a ny conceptual, coming up[2], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[1], and, list en ...[2], and, Christ![1], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[2], and I can only wish you the best of luck, you aeronaut of the spirit you![1], and, Christ![2], and what a life, eh?![1], and I can only wish you the best of luck, you aero naut of the spir it you![2], and my way, or ...[3], and what a life, eh?![2], and there's no going b  a  c  k ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, d  o  u  b  l  e t  r  o  u  b  l  e, man![3], and ... 'Yippee!'[3], and I like it this BIG(!) and b  r  o  k  e  n, you dig?[3], and it's a lot of work, seriously[3], and, uh ... doesn't it feel ... like we're making progress? / Oh, yes ... yes, it does, ha![3], and ... just c  o  s  m  i  c, actually![3], and my advice to the s  q  u  a  r  e  s? Well, e  x  p  a  n  d yourselves! You never know, you might like it[3], and feeling BIG(!) now / and aren't you?[3], and c  o  n  s  c  i  o  u  s  n  e  s  s ness ... that's what it's all about, son, daughter, oh, my kook(s)[3], and b  a  n  g a d  r  u  m, loudly, so they can hear it/us out there, wake them up[3], and yes, yes, yes[3], and let them be s  c  a  r  e  d - if they don't want to join us ...[3], and be positive[3], and I like this ... oh, very much / and ... there's more room to breathe - and to go I  N  S  A  N  E!!![3], and so crazy, uh, kook(s)![3], and a-ROUND ... faster than ever![3], and with such freedom, and such joy![3], and I see ... s  p  a  r  k  s![3], and, come on, come on! / and don't forget your electric teeth ... to go with your electric hair![3], and we must seem like M  O  N  S  T  E  R  S to, uh ... them, those, those others, ha![3], and what do they think they are?![3], and, listen, c  a  s  u  a  l o  b  s  e  r  v  e  r  s ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[3], and ... 'What does it mean, Mikey?!'[3], and, well, it means ... that the k  o  o  k  s and I ... are beyond the THREE, do you dig me?[3], and, okay, okay, yes, yes, oh![3], and it could happen with a  n  y conceptual, coming up[3], and, l  i  s  t  e  n ...[3], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[3], and, Christ![3], and I can only wish you the best of luck, you a  e  r  o  n  a  u  t of the s  p  i  r  i  t you![3], and what a life, eh?![3], and

 
II

Good luck to you!

And m               y wa                   y, or ...[1], and there's no go  in  g ba ck ...[1], and my way, or ...[2], and a-ROU         ND, and a-ROU          ND, and a-ROUN              D ... / ... and, uh, uh, dou             ble trou              ble, man![1], and there's no going ba ck ...[2], and ... 'Yippee!'[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, dou ble trou ble, man![2], and I like it this BIG(!) and brok               en, you dig?[1], and ... 'Yippe                  e!'[2], and it's a lot of work, seri            ously[1], and I like it this BIG(!) and brok en, you dig?[2], and, uh ... doesn't it feel ... like we're making progr      ess? / Oh, yes ... yes, it does, ha![1], and it's a lot of work, serious                          ly[2], and ... just cos                   mic, actually![1], and, uh ... doesn't it feel ... like we're making pro       gress? / Oh, yes ... yes, it does, ha![2], and my ad  vice to the squares? Well, e       x         p      an          d yourselves! You never know, you might like it[1], and ... just cos mic, act  ually![2], and feeling BIG(!) now / and aren't you?[1], and my advice to the squ ares? Well, ex pand yourselves! You nev     er know, you might like it[2], and conscious           ness ness ... that's what it's all about, son, daugh       ter, oh, my ko            ok(s)[1], and feeling BIG(!) now / and aren't you?[2], and bang a dru            m, loudl       y, so they can hear it/us ou          t there, wake them up[1], and cons     cious ness ness ... that's what it's all about, son, daughter, oh, my kook(s)[2], and yes, yes, yes[1], and ba ng a dru m, loud   ly, so they can hear it/us out there, wake them up[2], and let them be scared - if they don't wan  t to join us ...[1], and yes, yes, yes[2], and be p     osi            tiv         e[1], and let them be scar e                     d - if they don't want to join us ...[2], and I like this ... oh, very much / and ... there's more room to brea            the - and to go INSA                     NE!!![1], and be pos  itive[2], and so crazy, uh, kook(s)![1], and I like this ... oh, very much / and ... there's more roo                    m to breathe - and to go IN SANE!!![2], and a-ROUND ... f    a           st            er than ever![1], and so crazy, uh, kook(s)![2], and with such free       dom, and such joy![1], and a-ROUND ... faster than ever![2], and I see ... sparks![1], and with such free             dom, and such joy![2], and, come o       n, come o     n! / and don't forget your e  lec               tric tee         th ... to go with your electric ha                ir![1], and I see ... spa             rks![2], and we must seem like MONS                    TERS to, uh ... them, those, those others, ha![1], and, come on, come on! / and don't forget your electric tee      th ... to go with your elec   tric ha             ir![2], and what do they think they are?![1], and we must seem like MON   STERS to, uh ... them, those, those others, ha![2], and, listen, casu                  al ob           serv               ers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[1], and what do they think they are?![2], and ... 'What does it mean, M        ikey?!'[1], and, listen, cas ual ob ser                      vers ... if there's no, uh, I said no ... No. !!! 65          0, then it means, it means ...[2], and, well, it means ... that the kooks and I ... are beyond the THREE, do you dig me?[1], and ... 'What does it mean, Mikey?!'[2], and, okay, okay, yes, yes, oh![1], and, well, it means ... that the koo ks and I ... are be        yond the THREE, do you di  g me?[2], and it could happ  en with any conceptual, coming up[1], and, okay, okay, yes, yes, oh![2], and, listen ...[1], and it could happen with a ny conceptual, coming up[2], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[1], and, list en ...[2], and, Ch             rist![1], and will YOU(!) ... be moving on ... to the second part ... any                time ... soon ... like ... ?[2], and I can only wish you the best of luck, you a      ero                                               naut of the spi                        rit you![1], and, Christ![2], and what a life, eh?![1], and I can only wish you the best of luck, you aero           naut of the spir it you![2], and my way, or ...[3], and what a life, eh?![2], and there's no going b  a  c  k ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, d  o  u          b  l  e                      t  r  o  u       b  l  e, man![3], and ... 'Yip                           pee!'[3], and I like it this BIG(!) and b  r  o  k  e  n, you dig?[3], and it's a lot of work, seriously[3], and, uh ... doesn't it feel ... like we're mak  ing pro    gress? / Oh, yes ... yes, it does, ha![3], and ... just c  o  s  m  i  c, actu              ally![3], and my advice to the s  q  u  a  r  e  s? Well, e  x  p  a  n  d your                        selves! You never know, you might like it[3], and feeling BIG(!) now / and aren't you?[3], and c  o  n  s  c  i  o  u  s  n  e  s  s ness ... that's what it's all about, so             n, daughter, oh, my kook(s)[3], and b  a  n  g a d  r  u  m, loudly, so they can hear it/u                      s out there, wake them up[3], and yes, yes, yes[3], and let them be s  c  a  r  e  d - if they don't want to join us ...[3], and be positive[3], and I like this ... oh, very much / and ... there's more ro         om to brea     the - and to go I  N  S  A  N  E!!![3], and so crazy, uh, kook(s)![3], and a-ROU   ND ... faster than ever![3], and with such free                       dom, and such joy![3], and I see ... s  p  a  r  k  s![3], and, come on, come on! / and don't forget your elect    ric teeth ... to go with your e  lec                    tric ha                 ir![3], and we must seem like M  O  N  S                 T  E  R  S to, uh ... them, those, those others, ha![3], and what do the          y thin             k the          y are?![3], and, listen, c  a  s  u  a  l o  b                      s  e  r  v  e  r  s ... if there's no, uh, I said no ... No. !!! 650, then it me ans, it me ans ...[3], and ... 'What does it mean, Mik  ey?!'[3], and, well, it means ... that the k  o  o  k  s and I ... are beyond the THREE, do you dig me?[3], and, okay, okay, yes, yes, oh![3], and it could happen with a  n  y con                ceptual, com                                  ing up[3], and, l  i  s                                t  e  n ...[3], and will YOU(!) ... be movi     ng on ... to the sec     ond part ... anytim    e ... soon ... like ... ?[3], and, Christ![3], and I can only wish yo   u th       e best of luck, you a  e  r  o                                                                         n  a  u  t of the s  p  i  r                             i  t you![3], and what a l   if          e, eh?![3], a         nd

And m               y wa                   y, or ...[1], and there's no go  in  g ba ck ...[1], and my way, or ...[2], and a-ROU         ND, and a-ROU          ND, and a-ROUN              D ... / ... and, uh, uh, dou             ble trou              ble, man![1], and there's no going ba ck ...[2], and ... 'Yippee!'[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, dou ble trou ble, man![2], and I like it this BIG(!) and brok               en, you dig?[1], and ... 'Yippe                  e!'[2], and it's a lot of work, seri            ously[1], and I like it this BIG(!) and brok en, you dig?[2], and, uh ... doesn't it feel ... like we're making progr      ess? / Oh, yes ... yes, it does, ha![1], and it's a lot of work, serious                          ly[2], and ... just cos                   mic, actually![1], and, uh ... doesn't it feel ... like we're making pro       gress? / Oh, yes ... yes, it does, ha![2], and my ad  vice to the squares? Well, e       x         p      an          d yourselves! You never know, you might like it[1], and ... just cos mic, act  ually![2], and feeling BIG(!) now / and aren't you?[1], and my advice to the squ ares? Well, ex pand yourselves! You nev     er know, you might like it[2], and conscious           ness ness ... that's what it's all about, son, daugh       ter, oh, my ko            ok(s)[1], and feeling BIG(!) now / and aren't you?[2], and bang a dru            m, loudl       y, so they can hear it/us ou          t there, wake them up[1], and cons     cious ness ness ... that's what it's all about, son, daughter, oh, my kook(s)[2], and yes, yes, yes[1], and ba ng a dru m, loud   ly, so they can hear it/us out there, wake them up[2], and let them be scared - if they don't wan  t to join us ...[1], and yes, yes, yes[2], and be p     osi            tiv         e[1], and let them be scar e                     d - if they don't want to join us ...[2], and I like this ... oh, very much / and ... there's more room to brea            the - and to go INSA                     NE!!![1], and be pos  itive[2], and so crazy, uh, kook(s)![1], and I like this ... oh, very much / and ... there's more roo                    m to breathe - and to go IN SANE!!![2], and a-ROUND ... f    a           st            er than ever![1], and so crazy, uh, kook(s)![2], and with such free       dom, and such joy![1], and a-ROUND ... faster than ever![2], and I see ... sparks![1], and with such free             dom, and such joy![2], and, come o       n, come o     n! / and don't forget your e  lec               tric tee         th ... to go with your electric ha                ir![1], and I see ... spa             rks![2], and we must seem like MONS                    TERS to, uh ... them, those, those others, ha![1], and, come on, come on! / and don't forget your electric tee      th ... to go with your elec   tric ha             ir![2], and what do they think they are?![1], and we must seem like MON   STERS to, uh ... them, those, those others, ha![2], and, listen, casu                  al ob           serv               ers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[1], and what do they think they are?![2], and ... 'What does it mean, M        ikey?!'[1], and, listen, cas ual ob ser                      vers ... if there's no, uh, I said no ... No. !!! 65          0, then it means, it means ...[2], and, well, it means ... that the kooks and I ... are beyond the THREE, do you dig me?[1], and ... 'What does it mean, Mikey?!'[2], and, okay, okay, yes, yes, oh![1], and, well, it means ... that the koo ks and I ... are be        yond the THREE, do you di  g me?[2], and it could happ  en with any conceptual, coming up[1], and, okay, okay, yes, yes, oh![2], and, listen ...[1], and it could happen with a ny conceptual, coming up[2], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[1], and, list en ...[2], and, Ch             rist![1], and will YOU(!) ... be moving on ... to the second part ... any                time ... soon ... like ... ?[2], and I can only wish you the best of luck, you a      ero                                               naut of the spi                        rit you![1], and, Christ![2], and what a life, eh?![1], and I can only wish you the best of luck, you aero           naut of the spir it you![2], and my way, or ...[3], and what a life, eh?![2], and there's no going b  a  c  k ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, d  o  u          b  l  e                      t  r  o  u       b  l  e, man![3], and ... 'Yip                           pee!'[3], and I like it this BIG(!) and b  r  o  k  e  n, you dig?[3], and it's a lot of work, seriously[3], and, uh ... doesn't it feel ... like we're mak  ing pro    gress? / Oh, yes ... yes, it does, ha![3], and ... just c  o  s  m  i  c, actu              ally![3], and my advice to the s  q  u  a  r  e  s? Well, e  x  p  a  n  d your                        selves! You never know, you might like it[3], and feeling BIG(!) now / and aren't you?[3], and c  o  n  s  c  i  o  u  s  n  e  s  s ness ... that's what it's all about, so             n, daughter, oh, my kook(s)[3], and b  a  n  g a d  r  u  m, loudly, so they can hear it/u                      s out there, wake them up[3], and yes, yes, yes[3], and let them be s  c  a  r  e  d - if they don't want to join us ...[3], and be positive[3], and I like this ... oh, very much / and ... there's more ro         om to brea     the - and to go I  N  S  A  N  E!!![3], and so crazy, uh, kook(s)![3], and a-ROU   ND ... faster than ever![3], and with such free                       dom, and such joy![3], and I see ... s  p  a  r  k  s![3], and, come on, come on! / and don't forget your elect    ric teeth ... to go with your e  lec                    tric ha                 ir![3], and we must seem like M  O  N  S                 T  E  R  S to, uh ... them, those, those others, ha![3], and what do the          y thin             k the          y are?![3], and, listen, c  a  s  u  a  l o  b                      s  e  r  v  e  r  s ... if there's no, uh, I said no ... No. !!! 650, then it me ans, it me ans ...[3], and ... 'What does it mean, Mik  ey?!'[3], and, well, it means ... that the k  o  o  k  s and I ... are beyond the THREE, do you dig me?[3], and, okay, okay, yes, yes, oh![3], and it could happen with a  n  y con                ceptual, com                                  ing up[3], and, l  i  s                                t  e  n ...[3], and will YOU(!) ... be movi     ng on ... to the sec     ond part ... anytim    e ... soon ... like ... ?[3], and, Christ![3], and I can only wish yo   u th       e best of luck, you a  e  r  o                                                                         n  a  u  t of the s  p  i  r                             i  t you![3], and what a l   if          e, eh?![3], a         nd

And m               y wa                   y, or ...[1], and there's no go  in  g ba ck ...[1], and my way, or ...[2], and a-ROU         ND, and a-ROU          ND, and a-ROUN              D ... / ... and, uh, uh, dou             ble trou              ble, man![1], and there's no going ba ck ...[2], and ... 'Yippee!'[1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, dou ble trou ble, man![2], and I like it this BIG(!) and brok               en, you dig?[1], and ... 'Yippe                  e!'[2], and it's a lot of work, seri            ously[1], and I like it this BIG(!) and brok en, you dig?[2], and, uh ... doesn't it feel ... like we're making progr      ess? / Oh, yes ... yes, it does, ha![1], and it's a lot of work, serious                          ly[2], and ... just cos                   mic, actually![1], and, uh ... doesn't it feel ... like we're making pro       gress? / Oh, yes ... yes, it does, ha![2], and my ad  vice to the squares? Well, e       x         p      an          d yourselves! You never know, you might like it[1], and ... just cos mic, act  ually![2], and feeling BIG(!) now / and aren't you?[1], and my advice to the squ ares? Well, ex pand yourselves! You nev     er know, you might like it[2], and conscious           ness ness ... that's what it's all about, son, daugh       ter, oh, my ko            ok(s)[1], and feeling BIG(!) now / and aren't you?[2], and bang a dru            m, loudl       y, so they can hear it/us ou          t there, wake them up[1], and cons     cious ness ness ... that's what it's all about, son, daughter, oh, my kook(s)[2], and yes, yes, yes[1], and ba ng a dru m, loud   ly, so they can hear it/us out there, wake them up[2], and let them be scared - if they don't wan  t to join us ...[1], and yes, yes, yes[2], and be p     osi            tiv         e[1], and let them be scar e                     d - if they don't want to join us ...[2], and I like this ... oh, very much / and ... there's more room to brea            the - and to go INSA                     NE!!![1], and be pos  itive[2], and so crazy, uh, kook(s)![1], and I like this ... oh, very much / and ... there's more roo                    m to breathe - and to go IN SANE!!![2], and a-ROUND ... f    a           st            er than ever![1], and so crazy, uh, kook(s)![2], and with such free       dom, and such joy![1], and a-ROUND ... faster than ever![2], and I see ... sparks![1], and with such free             dom, and such joy![2], and, come o       n, come o     n! / and don't forget your e  lec               tric tee         th ... to go with your electric ha                ir![1], and I see ... spa             rks![2], and we must seem like MONS                    TERS to, uh ... them, those, those others, ha![1], and, come on, come on! / and don't forget your electric tee      th ... to go with your elec   tric ha             ir![2], and what do they think they are?![1], and we must seem like MON   STERS to, uh ... them, those, those others, ha![2], and, listen, casu                  al ob           serv               ers ... if there's no, uh, I said no ... No. !!! 650, then it means, it means ...[1], and what do they think they are?![2], and ... 'What does it mean, M        ikey?!'[1], and, listen, cas ual ob ser                      vers ... if there's no, uh, I said no ... No. !!! 65          0, then it means, it means ...[2], and, well, it means ... that the kooks and I ... are beyond the THREE, do you dig me?[1], and ... 'What does it mean, Mikey?!'[2], and, okay, okay, yes, yes, oh![1], and, well, it means ... that the koo ks and I ... are be        yond the THREE, do you di  g me?[2], and it could happ  en with any conceptual, coming up[1], and, okay, okay, yes, yes, oh![2], and, listen ...[1], and it could happen with a ny conceptual, coming up[2], and will YOU(!) ... be moving on ... to the second part ... anytime ... soon ... like ... ?[1], and, list en ...[2], and, Ch             rist![1], and will YOU(!) ... be moving on ... to the second part ... any                time ... soon ... like ... ?[2], and I can only wish you the best of luck, you a      ero                                               naut of the spi                        rit you![1], and, Christ![2], and what a life, eh?![1], and I can only wish you the best of luck, you aero           naut of the spir it you![2], and my way, or ...[3], and what a life, eh?![2], and there's no going b  a  c  k ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and, uh, uh, d  o  u          b  l  e                      t  r  o  u       b  l  e, man![3], and ... 'Yip                           pee!'[3], and I like it this BIG(!) and b  r  o  k  e  n, you dig?[3], and it's a lot of work, seriously[3], and, uh ... doesn't it feel ... like we're mak  ing pro    gress? / Oh, yes ... yes, it does, ha![3], and ... just c  o  s  m  i  c, actu              ally![3], and my advice to the s  q  u  a  r  e  s? Well, e  x  p  a  n  d your                        selves! You never know, you might like it[3], and feeling BIG(!) now / and aren't you?[3], and c  o  n  s  c  i  o  u  s  n  e  s  s ness ... that's what it's all about, so             n, daughter, oh, my kook(s)[3], and b  a  n  g a d  r  u  m, loudly, so they can hear it/u                      s out there, wake them up[3], and yes, yes, yes[3], and let them be s  c  a  r  e  d - if they don't want to join us ...[3], and be positive[3], and I like this ... oh, very much / and ... there's more ro         om to brea     the - and to go I  N  S  A  N  E!!![3], and so crazy, uh, kook(s)![3], and a-ROU   ND ... faster than ever![3], and with such free                       dom, and such joy![3], and I see ... s  p  a  r  k  s![3], and, come on, come on! / and don't forget your elect    ric teeth ... to go with your e  lec                    tric ha                 ir![3], and we must seem like M  O  N  S                 T  E  R  S to, uh ... them, those, those others, ha![3], and what do the          y thin             k the          y are?![3], and, listen, c  a  s  u  a  l o  b                      s  e  r  v  e  r  s ... if there's no, uh, I said no ... No. !!! 650, then it me ans, it me ans ...[3], and ... 'What does it mean, Mik  ey?!'[3], and, well, it means ... that the k  o  o  k  s and I ... are beyond the THREE, do you dig me?[3], and, okay, okay, yes, yes, oh![3], and it could happen with a  n  y con                ceptual, com                                  ing up[3], and, l  i  s                                t  e  n ...[3], and will YOU(!) ... be movi     ng on ... to the sec     ond part ... anytim    e ... soon ... like ... ?[3], and, Christ![3], and I can only wish yo   u th       e best of luck, you a  e  r  o                                                                         n  a  u  t of the s  p  i  r                             i  t you![3], and what a l   if          e, eh?![3], a         nd