Thursday, 3 December 2020

Refinitiv: European ETF industry on course to face record numbers of ETF closures in 2020

Oh no.

Let's find out all about it ...

The European ETF industry is on course to face the highest annual number of ETF closures since its inception in the year 2000.

Assets under management in the European ETF industry (€874.3 bn) increased slightly over the course of 2020.

358 ETF portfolios, which are older than three years, were not able to gather more than €100 m in assets under management over the course of the last three years.

88 ETF portfolios were not able to gather more than €10 m in assets under management over the course of the last three years.

31 ETF portfolios were included in the ETF deathlist as of October 31, 2020.

Well ... 'Let's not panic until we've heard from Detlef, boss.' Okay. [I'm not panicking. Why would I panic?]

Detlef?

Detlef Glow, Lipper Head of EMEA Research at Refinitiv, comments: "As overall assets under management and flow patterns for the year looked quite healthy, it is not be expected that the industry is in a consolidation mode. Therefore, it is a surprise that 2020 may mark the year with the highest number of ETF closures since the inception of the European ETF industry in 2000.

"Even as some market observers may see a wider consolidation ahead for the European ETF industry and would consider the high number of ETF closures as a clear sign for this, I would not interpret the numbers in that way. From my point of view, the high number of ETF closures in Europe goes in line with high launching activity. Since not all of the new products end up meeting investor expectations, they are closed after a period of time."

ENDS

Okay, so ... uh. Voice? 'He doesn't sound too depressed, boss.' Yeah. I don't know. I mean ...

"It is not be expected"

What did Detlef mean by that? Do you know what I mean? I mean, maybe his mind is ... disturbed, you know?

'I don't know.'

Never mind.

...

Anything else?

Yeah, let's talk about my music.

This could be the album ...

This World Don't Mean a Thing
Lucky You
Round The Bend
What's This Life We Live?
And Rain Came Down
I Want Everything
Good Times
Stella
Malibu
I'm Right Inside
Nothing
Life and Death

Roughly fifty-two and a half minutes long, and easily the greatest album ever. Easily!

I can't say I'm looking forward to writing the lyric for Life and Death. It will be a lot of work.

It would be nice to be ready by January or February, with the demo recorded and everything.

I need to start working like Dan Pena until the blood comes out of my eyes. That's what he says you should do.

Let's be honest, man, my life was intolerable even before The Thing turned up. I need to do my music ... all the time ... you dig?

All the time when I'm not blogging ...

I don't even enjoy "resting". It gives me anxiety.

Never mind.

Later(s), kook(s).

Ace!

Well, uh ... it started off ace, certainly - the PR email, like. Judge for yourself, dear reader(s) -

Hello,

Please find attached an Ace Management press release :

EclecticIQ raises €20million in Series-C funding

~ Investment led by Ace Management ~

~ Total investment in the organization over four-year period tops €47million ~

Best regards,

Sarah

'That's all right, boss.' Yes, Voice, it's ace. But ... 'What?' The attachment is a PDF, and I always have problems copying and pasting from a PDF. 'Christ. What are you going to do?' I'm going to put Lucky on the job. 'Ha!'

Come on, Lucky! Do your thing!

EclecticIQ raises €20million in Series-C funding investment led by Ace Management total investment in the organization over four-year period tops €47million Paris December 1st 2020 EclecticIQ a global threat intelligence hunting and response technology provider has raised €20million ($24 million) in Series-C financing led by Ace Management Europe's leading cyber growth investor other contributors to the funding round include Capricorn Digital Growth Fund and Quest for Growth Invest-NL Arches Capital and existing investors INKEF Capital KEEN Venture Partners and KPN ventures this brings the company's total funding raised to €47 million over a four-year period making it among the best funded global cybersecurity scale-ups based in Europe funding will go towards deepening the company's commitment to government large enterprises and service providers expanding its portfolio and increasing the company's global footprint with this investment EclecticIQ will accelerate its strategy to transform from a leading threat intelligence platform vendor into an innovative cybersecurity leader across the globe as cyber threats continue to evolve rapidly intelligence-led cybersecurity has become the norm EclecticIQ's growing customer base relies on its threat intelligence platform as the single source of truth for cyber threats and incidents the financing will drive further innovation of the platform with new use cases enabling governments large enterprises and service providers to effectively manage threat intelligence create situational awareness and adopt an intelligence-led cybersecurity approach having mastered threat intelligence technology the company sees adjacent opportunities in operationalizing threat intelligence as this is a problem that has not been solved in the market yet with the recent acquisition of PolyLogyx's end-point technology the company is well positioned to develop new solutions that re-imagine how organizations detect hunt and respond to sophisticated threats to accelerate growth EclecticIQ will use the funding to expand its commercial teams in Europe and the United States and establish a presence in the Middle East Africa and Asia Pacific leveraging its experience with governments and some of the most targeted enterprises globally the company will expand its focus to new segments and strengthen its global partner ecosystem Fran├žois Lavaste Partner at Ace Management who will join EclecticIQ's board of directors said we are convinced that Ace Management's new investment will help the company to improve and accelerate its solutions that enable -

Jesus H. - !!! Take a breath, Lucky. Is there much more of this? Lucky? Lucky? Lucky, speak to me!

The world's biggest governments and commercial enterprises to identify and protect against the most intense cyber threats Joep Gommers EclecticIQ's co-founder and chief executive officer said it is exciting to bring in a high-caliber cyber investor like Ace Management which shares our vision of threat intelligence at the core of cybersecurity and sees the opportunity to transform the industry by solving massive challenges faced in threat detection hunting and response this financial investment will enable EclecticIQ to drive the industry forward and support our clients more effectively facing an ever-evolving threat landscape EclecticIQ has seen impressive growth over the years growth in 2019 the company grew its revenue by 84 percent by successfully expanding the company's market segments from government to larger financial organizations telecoms and big tech companies product EclecticIQ is continuing to push the envelope with a new intelligence ingestion engine introduced to the EclecticIQ Platform improving robustness and scalability of the company's core threat intelligence technology industry alliances the company is a sponsor member of OASIS EclecticIQ joined the Open Cybersecurity Alliance (OCA) along with some of the biggest names in cybersecurity leadership the company further strengthened its leadership team -

Okay. I think that's enough now.

Adding Wytse Bouma (ex Rockstart) as CFO and Ciaran Bradley (ex Adaptive Mobile Kemp) as CTO board three new members have been appointed to its board Ben Verwaayen (KEEN Venture Partners, previously -

Yes, thank you, Lucky.

CEO of BT Group PLC Alcatel-Lucent President of KPN Telecom and Vice-Chairman of Lucent Technologies Fran├žois Lavaste (Partner -

He won't stop!

'Punch him, boss!' What, on the astral plane?

Lucky!

Ace Management) and Katrin Geyskens (Partner Capricorn Partners) the Board is chaired by Sam van der Feltz (ex Unilever -

Lucky, stop!

TNS & EMI) about EclecticIQ EclecticIQ is a global threat intelligence hunting and response technology provider its clients are some -

Stop, Lucky!

Of the most targeted organizations globally to build tomorrow's

Lucky!

Lucky?

Lucky?

'He's gone, boss.'

Thank God for that!

...

Anything else?

NO - !!!

I'm worn out after all that, kook(s).

Let me have some lunch, then I'll do another post.

Laters.

Tuesday, 1 December 2020

[No. 859] How can we fight the chaos?

I just don't know.

And, I mean ...[1], and it's always there, somewhere ... ain't it?[1], and, I mean ...[2], and, or ...[1], and it's always there, somewhere ... ain't it?[2], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[1], and, or ...[2], and we can't escape[1], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[2], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[1], and we can't escape[2], and Lucky knew ... ?[1], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[2], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[1], and Lucky knew ... ?[2], and can we be without consciousness? ... or is that too much to hope for?[1], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[2], and so many questions ...[1], and can we be without consciousness? ... or is that too much to hope for?[2], and rolling on the floor like a dog doesn't help ...[1], and so many questions ...[2], and, yes, conscious ness ness ness ... where does it come from?[1], and rolling on the floor like a dog doesn't help ...[2], and I want to believe ... that the cosmos loves you[1], and, yes, conscious ness ness ness ... where does it come from?[2], and does it help to break the words?[1], and I want to believe ... that the cosmos loves you[2], and, you, you, YOU(!) ... can look after yourself[1], and does it help to break the words?[2], and I, I, I ...[1], and, you, you, YOU(!) ... can look after yourself[2], and, so ...[1], and I, I, I ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[1], and, so ...[2], and I would like to be calm ... [1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[2], and ... ... ...[1], and I would like to be calm ... [2], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[1], and ... ... ...[2], and ... ... ... no, I'm not calm[1], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[2], and the noise in the street ... even when I'm here ... or doing the hypnosis[1], and ... ... ... no, I'm not calm[2], and the people who move ...[1], and the noise in the street ... even when I'm here ... or doing the hypnosis[2], and they walk and talk like they were born to do it[1], and the people who move ...[2], and they make me ill[1], and they walk and talk like they were born to do it[2], and I don't know how to deal with them ...[1], and they make me ill[2], and, listen to me ...[1], and I don't know how to deal with them ...[2], and maybe you're just as bad as they are ...[1], and, listen to me ...[2], and ... 'Ha, ha, ha!'[1], and maybe you're just as bad as they are ...[2], and, why, why, WHY ... are you here ... ?![1], and ... 'Ha, ha, ha!'[2], and I envy you because you don't know anything[1], and, why, why, WHY ... are you here ... ?![2], and, sod it![1], and I envy you because you don't know anything[2], and, I mean ...[3], and, sod it![2], and it's always there, somewhere ... ain't it?[3], and, or ...[3], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[3], and we can't escape[3], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[3], and Lucky knew ... ?[3], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[3], and can we be without consciousness? ... or is that too much to hope for?[3], and so many questions ...[3], and rolling on the floor like a dog doesn't help ...[3], and, yes, conscious ness ness ness ... where does it come from?[3], and I want to believe ... that the cosmos loves you[3], and does it help to break the words?[3], and, you, you, YOU(!) ... can look after yourself[3], and I, I, I ...[3], and, so ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[3], and I would like to be calm ... [3], and ... ... ...[3], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[3], and ... ... ... no, I'm not calm[3], and the noise in the street ... even when I'm here ... or doing the hypnosis[3], and the people who move ...[3], and they walk and talk like they were born to do it[3], and they make me ill[3], and I don't know how to deal with them ...[3], and, listen to me ...[3], and maybe you're just as bad as they are ...[3], and ... 'Ha, ha, ha!'[3], and, why, why, WHY ... are you here ... ?![3], and I envy you because you don't know anything[3], and, sod it![3], and

And, I mean ...[1], and it's always there, somewhere ... ain't it?[1], and, I mean ...[2], and, or ...[1], and it's always there, somewhere ... ain't it?[2], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[1], and, or ...[2], and we can't escape[1], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[2], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[1], and we can't escape[2], and Lucky knew ... ?[1], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[2], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[1], and Lucky knew ... ?[2], and can we be without consciousness? ... or is that too much to hope for?[1], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[2], and so many questions ...[1], and can we be without consciousness? ... or is that too much to hope for?[2], and rolling on the floor like a dog doesn't help ...[1], and so many questions ...[2], and, yes, conscious ness ness ness ... where does it come from?[1], and rolling on the floor like a dog doesn't help ...[2], and I want to believe ... that the cosmos loves you[1], and, yes, conscious ness ness ness ... where does it come from?[2], and does it help to break the words?[1], and I want to believe ... that the cosmos loves you[2], and, you, you, YOU(!) ... can look after yourself[1], and does it help to break the words?[2], and I, I, I ...[1], and, you, you, YOU(!) ... can look after yourself[2], and, so ...[1], and I, I, I ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[1], and, so ...[2], and I would like to be calm ... [1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[2], and ... ... ...[1], and I would like to be calm ... [2], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[1], and ... ... ...[2], and ... ... ... no, I'm not calm[1], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[2], and the noise in the street ... even when I'm here ... or doing the hypnosis[1], and ... ... ... no, I'm not calm[2], and the people who move ...[1], and the noise in the street ... even when I'm here ... or doing the hypnosis[2], and they walk and talk like they were born to do it[1], and the people who move ...[2], and they make me ill[1], and they walk and talk like they were born to do it[2], and I don't know how to deal with them ...[1], and they make me ill[2], and, listen to me ...[1], and I don't know how to deal with them ...[2], and maybe you're just as bad as they are ...[1], and, listen to me ...[2], and ... 'Ha, ha, ha!'[1], and maybe you're just as bad as they are ...[2], and, why, why, WHY ... are you here ... ?![1], and ... 'Ha, ha, ha!'[2], and I envy you because you don't know anything[1], and, why, why, WHY ... are you here ... ?![2], and, sod it![1], and I envy you because you don't know anything[2], and, I mean ...[3], and, sod it![2], and it's always there, somewhere ... ain't it?[3], and, or ...[3], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[3], and we can't escape[3], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[3], and Lucky knew ... ?[3], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[3], and can we be without consciousness? ... or is that too much to hope for?[3], and so many questions ...[3], and rolling on the floor like a dog doesn't help ...[3], and, yes, conscious ness ness ness ... where does it come from?[3], and I want to believe ... that the cosmos loves you[3], and does it help to break the words?[3], and, you, you, YOU(!) ... can look after yourself[3], and I, I, I ...[3], and, so ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[3], and I would like to be calm ... [3], and ... ... ...[3], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[3], and ... ... ... no, I'm not calm[3], and the noise in the street ... even when I'm here ... or doing the hypnosis[3], and the people who move ...[3], and they walk and talk like they were born to do it[3], and they make me ill[3], and I don't know how to deal with them ...[3], and, listen to me ...[3], and maybe you're just as bad as they are ...[3], and ... 'Ha, ha, ha!'[3], and, why, why, WHY ... are you here ... ?![3], and I envy you because you don't know anything[3], and, sod it![3], and

And, I mean ...[1], and it's always there, somewhere ... ain't it?[1], and, I mean ...[2], and, or ...[1], and it's always there, somewhere ... ain't it?[2], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[1], and, or ...[2], and we can't escape[1], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[2], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[1], and we can't escape[2], and Lucky knew ... ?[1], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[2], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[1], and Lucky knew ... ?[2], and can we be without consciousness? ... or is that too much to hope for?[1], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[2], and so many questions ...[1], and can we be without consciousness? ... or is that too much to hope for?[2], and rolling on the floor like a dog doesn't help ...[1], and so many questions ...[2], and, yes, conscious ness ness ness ... where does it come from?[1], and rolling on the floor like a dog doesn't help ...[2], and I want to believe ... that the cosmos loves you[1], and, yes, conscious ness ness ness ... where does it come from?[2], and does it help to break the words?[1], and I want to believe ... that the cosmos loves you[2], and, you, you, YOU(!) ... can look after yourself[1], and does it help to break the words?[2], and I, I, I ...[1], and, you, you, YOU(!) ... can look after yourself[2], and, so ...[1], and I, I, I ...[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[1], and, so ...[2], and I would like to be calm ... [1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[2], and ... ... ...[1], and I would like to be calm ... [2], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[1], and ... ... ...[2], and ... ... ... no, I'm not calm[1], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[2], and the noise in the street ... even when I'm here ... or doing the hypnosis[1], and ... ... ... no, I'm not calm[2], and the people who move ...[1], and the noise in the street ... even when I'm here ... or doing the hypnosis[2], and they walk and talk like they were born to do it[1], and the people who move ...[2], and they make me ill[1], and they walk and talk like they were born to do it[2], and I don't know how to deal with them ...[1], and they make me ill[2], and, listen to me ...[1], and I don't know how to deal with them ...[2], and maybe you're just as bad as they are ...[1], and, listen to me ...[2], and ... 'Ha, ha, ha!'[1], and maybe you're just as bad as they are ...[2], and, why, why, WHY ... are you here ... ?![1], and ... 'Ha, ha, ha!'[2], and I envy you because you don't know anything[1], and, why, why, WHY ... are you here ... ?![2], and, sod it![1], and I envy you because you don't know anything[2], and, I mean ...[3], and, sod it![2], and it's always there, somewhere ... ain't it?[3], and, or ...[3], and a-ROUND here ... or anywhere, really ... / ... and do you know what I mean?[3], and we can't escape[3], and words, thoughts, trash ... even feelings can be trash - if you got them real bad[3], and Lucky knew ... ?[3], and, well ... Lucky knew nothing, he was such an idiot ... and that's why Beckett called him Lucky, no doubt[3], and can we be without consciousness? ... or is that too much to hope for?[3], and so many questions ...[3], and rolling on the floor like a dog doesn't help ...[3], and, yes, conscious ness ness ness ... where does it come from?[3], and I want to believe ... that the cosmos loves you[3], and does it help to break the words?[3], and, you, you, YOU(!) ... can look after yourself[3], and I, I, I ...[3], and, so ...[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and the spinning only makes you forget for a while[3], and I would like to be calm ... [3], and ... ... ...[3], and was that Buddha cat as calm as they say? ... or was he a con man like all the others?[3], and ... ... ... no, I'm not calm[3], and the noise in the street ... even when I'm here ... or doing the hypnosis[3], and the people who move ...[3], and they walk and talk like they were born to do it[3], and they make me ill[3], and I don't know how to deal with them ...[3], and, listen to me ...[3], and maybe you're just as bad as they are ...[3], and ... 'Ha, ha, ha!'[3], and, why, why, WHY ... are you here ... ?![3], and I envy you because you don't know anything[3], and, sod it![3], and

How many businesses are going to apply for government-backed loans?

That's a good question. I'm glad you asked me. 'They didn't ask you, boss.' I imagined they did, Voice. That's the main thing. You know how powerful my imagination is. Nothing can stop it. Nothing! Ha, ha, ha!

Anyway ...

Press release: 84 percent of businesses set to apply for government-backed loans.

Oh, okay. I suppose it's all going to plan ... ?

30th November 2020, London: The Chancellor of the Exchequer, Rishi Sunak, detailed the onset of the economic emergency facing the UK at last week's spending review. This comes at a time when demand for the government-backed CBILS loans is set to soar by UK businesses as their Bounce Back Loans dwindle and cash flow dries up, according to the latest MarketFinance business insights. Of the businesses that applied for a Bounce Back loan (up to £50k) during the summer, they now have only £3,150 remaining and estimate that will see them through to the end of this week.

Yeah. Maybe only the big corporations will survive.

Since the announcement of the second national lockdown measures, a staggering 84% of businesses will be applying for CBILS loans. They indicated this would be used to protect them over prolonged lockdown measures and in anticipation of more bills, taxes or duties to pay. In addition to this, more businesses know they can refinance their Bounce Back Loan with a CBILS loan - up from 68% two months ago to 83% today.

And what does our Anil say?

Anil Stocker, CEO of MarketFinance, comments: "The stop-start government announcements on lockdowns haven't helped UK businesses. However, they continue to fight on and will, naturally, require more funds to bolster them through a tricky winter period. Looking ahead, ultimately, it will be the private sector which will enable the Chancellor to get the country's finances back under control, so business leaders will be looking for some pro-growth, pro-enterprise stimulus measures in time to come."

Well, Anil, they can fight on as much as they like. I'm not sure it will change anything. 'It's all going to plan, boss.' Maybe, Voice. Maybe.

Shockingly, two in five businesses (42%) are still waiting to be paid for work completed since the first lockdown. In June 2020 they were, on average, waiting for £148,917 which came down to £33,906 in September, but there is still £27,134 outstanding to them.

Two-thirds of businesses reported waiting longer to be paid. One in five (20%) reported their payments terms from customers have been renegotiated to 3 months or more. Businesses in Wales and those in the leisure, marketing and telecoms sectors have been the hardest hit, in terms of longer waiting times to be paid.

As businesses get paid later, half (49%) are withholding payments to suppliers fearing cashflow worries and future economic shocks. Meanwhile, a third (35%) reported they are intentionally stockpiling cash reserves to safeguard their companies over the winter trading period.

Okay. You want to add something, Anil?

Anil?

'He's gone.'

Come on, son! Don't be shy now. You started off well.

Anil Stocker adds: "We are witnessing a cash vacuum in the economy. Businesses are waiting longer to get paid and in turn are holding out on payments they owe. They are in desperate need of funds and support from the government. A well-oiled engine will keep the economy pumping and small business alive."

Keep small business alive? If you say so, Anil.

The future for small businesses seems desperately uncertain. Over a quarter (27%) felt they would not survive to see 2021 based on their current cash balances and anticipated a reduction in revenue over the winter months. A further 34% were uncertain, but if cash flow improved and they had an exceptional end to the year, they could make it.

Only 27% were certain about survival in 2020. Older business owners and those based in London and the south east were the most optimistic. Interestingly, small business owners reported a cash injection of, on average, £52,800, would help them see through the winter trading period.

Okay, okay.

Let's hope for the best.

ENDS

...

Anything else?

I didn't even know that swans could fly!

For some reason I thought they couldn't. Never mind.

I saw one flying around the lake in the park the other day like Concorde. The others joined in a bit.

That is the first time though.

Normally, they just float on the lake, don't they?

Maybe they're lazy.

Or maybe they are more intelligent than other birds. They can't see the point of flying around everywhere like prats.

They just want to take it easy.

I don't blame them.

Keep on floating, guys!

Laters.

Monday, 30 November 2020

[No. 858] I ain't talking to zombies

Wake up!

And, listen![1], and, read ... with your eyes shut[1], and, listen![2], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[1], and, read ... with your eyes shut[2], and do you know?[1], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[2], and where is your soul, seriously?[1], and do you know?[2], and what are you thinking?[1], and where is your soul, seriously?[2], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![1], and what are you thinking?[2], and, well, I am[1], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![2], and, so ... what are you feeling?[1], and, well, I am[2], and ... 'Ha, ha, ha!'[1], and, so ... what are you feeling?[2], and I could honestly abandon them to their fates, Voice ...[1], and ... 'Ha, ha, ha!'[2], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[1], and I could honestly abandon them to their fates, Voice ...[2], and ... yes![1], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[2], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[1], and ... yes![2], and I ain't got the time, really[1], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[2], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[1], and I ain't got the time, really[2], and it won't last ...[1], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[2], and it's going down, down, down ... or it's blowing up, up, up[1], and it won't last ...[2], and does that make sense to you?[1], and it's going down, down, down ... or it's blowing up, up, up[2], and ... 'You're wasting your breath'[1], and does that make sense to you?[2], and, what a job![1], and ... 'You're wasting your breath'[2], and I'm trying ...[1], and, what a job![2], and ... COME ON - !!![1], and I'm trying ...[2], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you dizzy? Tell me![1], and ... COME ON - !!![2], and, I mean ... I really need to know[1], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you diz zy? Tell me![2], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[1], and, I mean ... I really need to know[2], and I won't be here forever ... ?[1], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[2], and, well ... I will, and I won't ... depends on how you look at it[1], and I won't be here forever ... ?[2], and never, never ... mind[1], and, well ... I will, and I won't ... depends on how you look at it[2], and I wish I could fly away in one of Elon's rockets ...[1], and never, never ... mind[2], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[1], and I wish I could fly away in one of Elon's rockets ...[2], and I haven't recorded my demo ...[1], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[2], and, listen![3], and I haven't recorded my demo ...[2], and, read ... with your eyes shut[3], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[3], and do you know?[3], and where is your soul, seriously?[3], and what are you thinking?[3], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![3], and, well, I am[3], and, so ... what are you feeling?[3], and ... 'Ha, ha, ha!'[3], and I could honestly abandon them to their fates, Voice ...[3], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[3], and ... yes![3], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[3], and I ain't got the time, really[3], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[3], and it won't last ...[3], and it's going down, down, down ... or it's blowing up, up, up[3], and does that make sense to you?[3], and ... 'You're wasting your breath'[3], and, what a job![3], and I'm trying ...[3], and ... COME ON - !!![3], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you d  i  z  z  y? Tell me![3], and, I mean ... I really need to know[3], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[3], and I won't be here forever ... ?[3], and, well ... I will, and I won't ... depends on how you look at it[3], and never, never ... mind[3], and I wish I could fly away in one of Elon's rockets ...[3], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[3], and I haven't recorded my demo ...[3], and

And, listen![1], and, read ... with your eyes shut[1], and, listen![2], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[1], and, read ... with your eyes shut[2], and do you know?[1], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[2], and where is your soul, seriously?[1], and do you know?[2], and what are you thinking?[1], and where is your soul, seriously?[2], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![1], and what are you thinking?[2], and, well, I am[1], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![2], and, so ... what are you feeling?[1], and, well, I am[2], and ... 'Ha, ha, ha!'[1], and, so ... what are you feeling?[2], and I could honestly abandon them to their fates, Voice ...[1], and ... 'Ha, ha, ha!'[2], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[1], and I could honestly abandon them to their fates, Voice ...[2], and ... yes![1], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[2], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[1], and ... yes![2], and I ain't got the time, really[1], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[2], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[1], and I ain't got the time, really[2], and it won't last ...[1], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[2], and it's going down, down, down ... or it's blowing up, up, up[1], and it won't last ...[2], and does that make sense to you?[1], and it's going down, down, down ... or it's blowing up, up, up[2], and ... 'You're wasting your breath'[1], and does that make sense to you?[2], and, what a job![1], and ... 'You're wasting your breath'[2], and I'm trying ...[1], and, what a job![2], and ... COME ON - !!![1], and I'm trying ...[2], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you dizzy? Tell me![1], and ... COME ON - !!![2], and, I mean ... I really need to know[1], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you diz zy? Tell me![2], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[1], and, I mean ... I really need to know[2], and I won't be here forever ... ?[1], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[2], and, well ... I will, and I won't ... depends on how you look at it[1], and I won't be here forever ... ?[2], and never, never ... mind[1], and, well ... I will, and I won't ... depends on how you look at it[2], and I wish I could fly away in one of Elon's rockets ...[1], and never, never ... mind[2], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[1], and I wish I could fly away in one of Elon's rockets ...[2], and I haven't recorded my demo ...[1], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[2], and, listen![3], and I haven't recorded my demo ...[2], and, read ... with your eyes shut[3], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[3], and do you know?[3], and where is your soul, seriously?[3], and what are you thinking?[3], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![3], and, well, I am[3], and, so ... what are you feeling?[3], and ... 'Ha, ha, ha!'[3], and I could honestly abandon them to their fates, Voice ...[3], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[3], and ... yes![3], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[3], and I ain't got the time, really[3], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[3], and it won't last ...[3], and it's going down, down, down ... or it's blowing up, up, up[3], and does that make sense to you?[3], and ... 'You're wasting your breath'[3], and, what a job![3], and I'm trying ...[3], and ... COME ON - !!![3], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you d  i  z  z  y? Tell me![3], and, I mean ... I really need to know[3], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[3], and I won't be here forever ... ?[3], and, well ... I will, and I won't ... depends on how you look at it[3], and never, never ... mind[3], and I wish I could fly away in one of Elon's rockets ...[3], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[3], and I haven't recorded my demo ...[3], and

And, listen![1], and, read ... with your eyes shut[1], and, listen![2], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[1], and, read ... with your eyes shut[2], and do you know?[1], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[2], and where is your soul, seriously?[1], and do you know?[2], and what are you thinking?[1], and where is your soul, seriously?[2], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![1], and what are you thinking?[2], and, well, I am[1], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![2], and, so ... what are you feeling?[1], and, well, I am[2], and ... 'Ha, ha, ha!'[1], and, so ... what are you feeling?[2], and I could honestly abandon them to their fates, Voice ...[1], and ... 'Ha, ha, ha!'[2], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[1], and I could honestly abandon them to their fates, Voice ...[2], and ... yes![1], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[2], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[1], and ... yes![2], and I ain't got the time, really[1], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[2], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[1], and I ain't got the time, really[2], and it won't last ...[1], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[2], and it's going down, down, down ... or it's blowing up, up, up[1], and it won't last ...[2], and does that make sense to you?[1], and it's going down, down, down ... or it's blowing up, up, up[2], and ... 'You're wasting your breath'[1], and does that make sense to you?[2], and, what a job![1], and ... 'You're wasting your breath'[2], and I'm trying ...[1], and, what a job![2], and ... COME ON - !!![1], and I'm trying ...[2], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you dizzy? Tell me![1], and ... COME ON - !!![2], and, I mean ... I really need to know[1], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you diz zy? Tell me![2], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[1], and, I mean ... I really need to know[2], and I won't be here forever ... ?[1], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[2], and, well ... I will, and I won't ... depends on how you look at it[1], and I won't be here forever ... ?[2], and never, never ... mind[1], and, well ... I will, and I won't ... depends on how you look at it[2], and I wish I could fly away in one of Elon's rockets ...[1], and never, never ... mind[2], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[1], and I wish I could fly away in one of Elon's rockets ...[2], and I haven't recorded my demo ...[1], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[2], and, listen![3], and I haven't recorded my demo ...[2], and, read ... with your eyes shut[3], and there's a massive cosmos out there, my friends ... and it just wants to love you, that's all[3], and do you know?[3], and where is your soul, seriously?[3], and what are you thinking?[3], and a-ROUND, and a-ROUND, and a-ROUND ... oh, oh, oh ... here we are![3], and, well, I am[3], and, so ... what are you feeling?[3], and ... 'Ha, ha, ha!'[3], and I could honestly abandon them to their fates, Voice ...[3], and, Christ! ... do you know ... there are trillions of planets, trillions! ... and, uh, that's a lot[3], and ... yes![3], and there are billions of civilizations, probably ... and I haven't imagined all of them, not yet[3], and I ain't got the time, really[3], and, but, but, BUT(!) ... the point is, man ... you're wetting your pants every day ... over one little planet, one civilization[3], and it won't last ...[3], and it's going down, down, down ... or it's blowing up, up, up[3], and does that make sense to you?[3], and ... 'You're wasting your breath'[3], and, what a job![3], and I'm trying ...[3], and ... COME ON - !!![3], and I'm trying to spin some sense into you ... yes, yes, yes ... ? / ... and ... Are you d  i  z  z  y? Tell me![3], and, I mean ... I really need to know[3], and I could be a rock star now ... if I didn't care about you all so much ... just like the cosmos[3], and I won't be here forever ... ?[3], and, well ... I will, and I won't ... depends on how you look at it[3], and never, never ... mind[3], and I wish I could fly away in one of Elon's rockets ...[3], and ... 'He hasn't finished building them yet, Mikey ... the lazy sod!'[3], and I haven't recorded my demo ...[3], and

Is it 3.2 million or 2.6 million?

From a PR email -

3.2 million Gen Xers' retirement savings disrupted by The Thing and many more at risk of facing financial hardship in retirement, new report finds.

Or ...

2.6 million Gen Xers' retirement savings disrupted by The Thing and many more at risk of facing financial hardship in retirement, new report finds.

So, er ... 'I think it's nice that they've given you a choice, boss.' Shut up, idiot! I WANT THE FACTS - !!!

'Ha, ha, ha! Why do you want the facts?'

Oh, no particular reason.

Anyway ...

At least 1 in 3, or nearly 4.3 million Gen Xers, are set to reach retirement with minimal retirement incomes, new research finds.

The Thing has left 1.6 million Gen Xers on furlough, around 1.3 million with reduced hours and just over half a million made redundant.

Over half (57%) of Gen Xers who are yet to retire want to save more for retirement but are struggling to do so, with 7.9 million (61%) unable to afford to save more or prioritizing paying off debts and almost 3.8 million (29%) overwhelmed with other pressures and priorities.

New research by the International Longevity Centre UK (ILC), supported by Phoenix Group, finds that 1 in 3 Gen Xers will face a grave reality of retiring without adequate levels of pension provision, if policymakers fail to respond urgently to support this generation set to retire over the next 10-30 years.

I'm not bothered, me. I mean, if I don't make it as a rock star, well ...

The International Longevity Centre? 'Christ.' Yeah.

Listen! It's not how long you live, man, it's how deep you live, you dig?

What do you feel? What do you learn? How big does your consciousness become? How much love do you get from the cosmos?

Or am I talking to zombies?

Anyway, there's a lot of this email, but life is too short. 'Ha!' Let's go straight to the voices ...

LC Director David Sinclair argues: "From a retirement income perspective, many Gen Xers are, frankly, screwed. Too many are sleepwalking into a retirement where they won't have an adequate income to meet their aspirations."

They can always jump into the sea, son. 'Like Bodhi.' Yes, Voice. Or they can man up, like Walker.

I watched Point Blank again yesterday. I doubt that Walker had a pension or savings. That's one of the reasons* why he wanted the $93,000 so badly. 'And he was prepared to do anything to get it.' Of course he was!

*The main reason though was ... honour. That money was stolen from him. So what if he has to tear down the whole Organization to get it back?!

Anyway, David continues ...

"And their situation has been made worse by The Thing."

"They haven't been able to save enough. Many Gen Xers aren't going to benefit from final salary pensions. And there is a sense of hopelessness about how they might turn things around."

"There is some good news however. Some people really do want to save more. They just don't see how they can do it. Government and industry must find a way to lever this willingness and ensure public policy better addresses the barriers too many are facing to saving."

Christ, Dave! Even if people do save more, governments will find a way to steal it all eventually. People are losing businesses now, and jobs, and savings. The corporations will own everyone!

Anyway, who's this?

Lord Hutton, Peer and former Secretary of State for Work and Pensions, comments: "The Turner Report helped to establish a national consensus around the need to encourage greater retirement saving. This report from the ILC has highlighted the fact that many people still find it very hard to save sufficient money to cover their retirement needs."

Yeah, yeah.

"We will need a very significant focus on Generation X as we consolidate the enormous progress we gave made since 2005 in establishing an effective and inclusive pension savings policy."

Okay. Jenny?

Jenny Holt, Managing Director Customer Savings & Investments, Phoenix Group says: "This is a clear call to action to help improve the future of Gen Xers. One in five of the UK population are Gen Xers and millions will face problems because of inadequate retirement savings if actions aren't taken to help them understand their current position and the options available to them."

"This is the generation that entered the job market too late to benefit from final salary pensions, yet too early to benefit from schemes such as auto-enrolment. The combination means that without appropriate intervention many Gen Xers are expected to face very significant challenges in retirement, and even pensioner poverty."

"Policymakers, industry and business need to work together to help this generation, including ensuring they have access to the right support - whether that's guidance or advice - when they need it. With The Thing impact putting additional strain on finances this need is even more urgent."

The right support? Just give me someone like Fairfax in Point Blank to point me in the right direction. I'll do the rest, Jenny.

Okay. That's enough.

Laters.

Thursday, 26 November 2020

Refinitiv: Lipper European fund flow report - October 2020

And for once!

For immediate release.

YES - !!!

I mean, I received this email at half ten, so ... 'They said immediate, boss. A few hours have passed.' Shut up, idiot!

Anyway ...

Please see attached for the October European fund flow industry report from the Lipper team at Refinitiv:

Great!

Long-term mutual funds posted net inflows for October 2020.
The overall fund flows for mutual funds in Europe in October amounted to estimated net inflows of €69.6 bn.
Equity funds (+€30.4 bn) were the best-selling individual asset type overall for October.
Equity Global (+€9.0 bn) was once again the best-selling sector among long-term funds for October.
Dedicated Follower of Fashion.
France (+€20.6 bn) was the fund domicile with the highest net inflows, followed by the U.K. (+€20.4 bn) and Ireland (+€14.4 bn).
BlackRock (+€16.0 bn) was the best-selling fund promoter in Europe for October, ahead of Aviva (+€6.2 bn) and DWS Group (+€4.6 bn).
The 10 best-selling long-term funds gathered at the share class level net inflows of €23.6 bn for October.
BlackRock ACS US Equity Tracker X1 GBP Acc (+€8.6 bn) was the best-selling individual long-term fund share class for October.
 
That's all right, ain't it? Maybe. Definitely. Oh, I don't know.

I wonder what our Detlef makes of it all ...
 
Detlef Glow, Lipper Head of EMEA Research at Refinitiv, comments: "October 2020 was another positive month for the European fund industry since the promoters of mutual funds (+€69.2 bn) enjoyed inflows. Meanwhile, the market environment turned negative as the second wave of The Thing hit major markets in Europe and investors feared a second Thing lockdown-induced economic downturn. Despite these fears, investors bought into risk assets as long-term funds enjoyed estimated net inflows of €51.9 bn while money market products had estimated inflows of €17.8 bn."

'Thanks, Detlef!'

Okay, Voice. That's my job.

Thanks, Detlef!

ENDS

...

Anything else? Music?

I worked on yesterday's tune after lunch. It's nearly finished. I just need a decent ending. 'Just stop playing, boss.' You know nothing about it.

[I'm not taking songwriting tips from him.]

It's a good four-minute rock song. It could be a hit single. I'll save it for a rainy day.

What else?

When I'm rich ... I might buy most of my clothes from Sunspel.

One of their Harrington jackets will set me back £300 or so. Ha!

You can get a Ben Sherman one for £100, and they're a top brand.

So ...

'Are you going to get one then?'

My leather jacket is all right for now.

Okay. Have a nice weekend, dear reader(s).

'Laters!'

Laters.

Mark Brennan says ...

'I'm in heaven when you smile.' 

Ha! Not exactly, Voice, no.

Mark Brennan, Director and Head of Investments at Foresight Capital Management, says, "With £100bn of government spending on infrastructure now planned through to 2022, today's Spending Review represents a definitive commitment to substantial investment across social and economic infrastructure in the UK. Crucially, the Government remains firmly committed to the role of private capital, and the establishment of a UK Infrastructure Bank in 2021 could be a transformative catalyst for crowding-in private investment."

So, uh ...

'Today's spending review, boss?' It was the other day. A PR email. What was I doing yesterday? 'Playing your guitar?' Yes.

Yes, I wrote a new tune yesterday. A good one. There are a few problems with it. Oh, nothing major.

It's just ...

'What?!'

I'm very confused at the moment, you know ... with loads of fragments of tunes and lyrics in my head. I hate the chaos!

'Oh dear.'

BUT(!) ... it's like Yeats said about the foul rag-and-bone shop of the heart. 'Is it?!' Yes, Voice. Yes, it is.

Uh ...

That spending review? Man, I don't know. We're in massive debt. Businesses and lives have been destroyed.

Why?

It's a total mess.

And, listen! I'm glad that our Elon is the second richest man in the world with his Tesla and that, but where's the bloody rocket?!

I want to get away, son. I want to head for the stars! I hate it here on earth.

Ah, never mind.

...

Okay, okay. I've made some lyrical progress, a bit ... on that other new tune ... the "great" one, like.

I've got a title for it.

The song is going to be heavier and darker than Nothing.

If Nothing is Hamlet, then Life and Death will be King Lear.

...

Listen! I'm definitely taking songwriting to new heights, kook(s). I mean, I'm not interested in matching Dylan's general lyrical standard, BUT(!) ... in a few songs, I'll have more grandeur and power. Oh, just a few! And then there's the musical element with my melodies that are getting better all the time.

Like yesterday's new melody. I'm getting good stuff now without having to wait for dreams and blackouts - which can be very unreliable, by the way.

So, I should be happy ...

It's just the chaos, man.

But ... I think of Sharpe's Waterloo. All the smoke and bullets. Do you know what I mean?

I hope so.

Ha!

...

Anything else?

Christ! Let me have my lunch, my cheese sandwich.

I'll do another post later.

Yeah, I'm on my diet. I mean, strictly. The Rock Star Diet. Lunch and dinner only. NO SNACKS - !!!

Anyway ...

Laters!

Tuesday, 24 November 2020

[No. 857] Is freedom yours?

Or must it be given to you?

And, uh ...[1], and it's so confusing[1], and, uh ...[2], and no one knows what anyone's rights are any more, man[1], and it's so confusing[2], and I feel free ... a-ROUND here, like[1], and no one knows what anyone's rights are any more, man[2], and they say ... we must keep breathing, but ... why?! / and ... what are we living for?[1], and I feel free ... a-ROUND here, like[2], and, you, you, YOU(!)[1], and they say  ... we must keep breathing, but ... why?! / and ... what are we living for?[2], and my voice reaches your soul - uh, if you have one[1], and, you, you, YOU(!)[2], and ... 'Me?!'[1], and my voice reaches your soul - uh, if you have one[2], and do they know where you are?[1], and ... 'Me?!'[2], and not everything is about you, Voice ... and look how free you are![1], and do they know where you are?[2], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[1], and not everything is about you, Voice ... and look how free you are![2], and the risks you take ...[1], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[2], and, or, or, or ... this moment? Come on![1], and the risks you take ...[2], and maybe they're watching you ...[1], and, or, or, or ... this moment? Come on![2], and ... 'How bored are they, exactly?'[1], and maybe they're watching you ...[2], and maybe you should give it a rest ... play it safe[1], and ... 'How bored are they, exactly?'[2], and your consciousness ...[1], and maybe you should give it a rest ... play it safe[2], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[1], and your consciousness ...[2], and me?[1], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[2], and I'm NOTHING to do with it ... the world you seem to love so much[1], and me?[2], and they can stay out of my life ...[1], and I'm NOTH ING to do with it ... the world you seem to love so much[2], and I'm spinning myself to glory! ... what else is new?[1], and they can stay out of my life ...[2], and just watch me[1], and I'm spinning myself to glory! ... what else is new?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[1], and just watch me[2], and ... ha![1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[2], and, sha, sha, sha ... man, man![1], and ... ha![2], and that's who I am[1], and, sha, sha, sha ... man, man![2], and I'll never change for fascists or communists or ... whatever they're calling themselves now[1], and that's who I am[2], and Satan loves them[1], and I'll never change for fascists or communists or ... whatever they're calling themselves now[2], and, and, and ... the cosmos love me![1], and Satan loves them[2], and ... come on![1], and, and, and ... the cosmos love me![2], and, uh ...[3], and ... come on![2], and it's so confusing[3], and no one knows what anyone's rights are any more, man[3], and I feel free ... a-ROUND here, like[3], and they say ... we must keep breathing, but ... why?! / and ... what are we living for?[3], and, you, you, YOU(!)[3], and my voice reaches your soul - uh, if you have one[3], and ... 'Me?!'[3], and do they know where you are?[3], and not everything is about you, Voice ... and look how free you are![3], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[3], and the risks you take ...[3], and, or, or, or ... this moment? Come on![3], and maybe they're watching you ...[3], and ... 'How bored are they, exactly?'[3], and maybe you should give it a rest ... play it safe[3], and your consciousness ...[3], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[3], and me?[3], and I'm N  O  T  H  I  N  G to do with it ... the world you seem to love so much[3], and they can stay out of my life ...[3], and I'm spinning myself to glory! ... what else is new?[3], and just watch me[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[3], and ... ha![3], and, sha, sha, sha ... man, man![3], and that's who I am[3], and I'll never change for fascists or communists or ... whatever they're calling themselves now[3], and Satan loves them[3], and, and, and ... the cosmos love me![3], and ... come on![3], and

And, uh ...[1], and it's so confusing[1], and, uh ...[2], and no one knows what anyone's rights are any more, man[1], and it's so confusing[2], and I feel free ... a-ROUND here, like[1], and no one knows what anyone's rights are any more, man[2], and they say ... we must keep breathing, but ... why?! / and ... what are we living for?[1], and I feel free ... a-ROUND here, like[2], and, you, you, YOU(!)[1], and they say  ... we must keep breathing, but ... why?! / and ... what are we living for?[2], and my voice reaches your soul - uh, if you have one[1], and, you, you, YOU(!)[2], and ... 'Me?!'[1], and my voice reaches your soul - uh, if you have one[2], and do they know where you are?[1], and ... 'Me?!'[2], and not everything is about you, Voice ... and look how free you are![1], and do they know where you are?[2], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[1], and not everything is about you, Voice ... and look how free you are![2], and the risks you take ...[1], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[2], and, or, or, or ... this moment? Come on![1], and the risks you take ...[2], and maybe they're watching you ...[1], and, or, or, or ... this moment? Come on![2], and ... 'How bored are they, exactly?'[1], and maybe they're watching you ...[2], and maybe you should give it a rest ... play it safe[1], and ... 'How bored are they, exactly?'[2], and your consciousness ...[1], and maybe you should give it a rest ... play it safe[2], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[1], and your consciousness ...[2], and me?[1], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[2], and I'm NOTHING to do with it ... the world you seem to love so much[1], and me?[2], and they can stay out of my life ...[1], and I'm NOTH ING to do with it ... the world you seem to love so much[2], and I'm spinning myself to glory! ... what else is new?[1], and they can stay out of my life ...[2], and just watch me[1], and I'm spinning myself to glory! ... what else is new?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[1], and just watch me[2], and ... ha![1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[2], and, sha, sha, sha ... man, man![1], and ... ha![2], and that's who I am[1], and, sha, sha, sha ... man, man![2], and I'll never change for fascists or communists or ... whatever they're calling themselves now[1], and that's who I am[2], and Satan loves them[1], and I'll never change for fascists or communists or ... whatever they're calling themselves now[2], and, and, and ... the cosmos love me![1], and Satan loves them[2], and ... come on![1], and, and, and ... the cosmos love me![2], and, uh ...[3], and ... come on![2], and it's so confusing[3], and no one knows what anyone's rights are any more, man[3], and I feel free ... a-ROUND here, like[3], and they say ... we must keep breathing, but ... why?! / and ... what are we living for?[3], and, you, you, YOU(!)[3], and my voice reaches your soul - uh, if you have one[3], and ... 'Me?!'[3], and do they know where you are?[3], and not everything is about you, Voice ... and look how free you are![3], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[3], and the risks you take ...[3], and, or, or, or ... this moment? Come on![3], and maybe they're watching you ...[3], and ... 'How bored are they, exactly?'[3], and maybe you should give it a rest ... play it safe[3], and your consciousness ...[3], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[3], and me?[3], and I'm N  O  T  H  I  N  G to do with it ... the world you seem to love so much[3], and they can stay out of my life ...[3], and I'm spinning myself to glory! ... what else is new?[3], and just watch me[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[3], and ... ha![3], and, sha, sha, sha ... man, man![3], and that's who I am[3], and I'll never change for fascists or communists or ... whatever they're calling themselves now[3], and Satan loves them[3], and, and, and ... the cosmos love me![3], and ... come on![3], and

And, uh ...[1], and it's so confusing[1], and, uh ...[2], and no one knows what anyone's rights are any more, man[1], and it's so confusing[2], and I feel free ... a-ROUND here, like[1], and no one knows what anyone's rights are any more, man[2], and they say ... we must keep breathing, but ... why?! / and ... what are we living for?[1], and I feel free ... a-ROUND here, like[2], and, you, you, YOU(!)[1], and they say  ... we must keep breathing, but ... why?! / and ... what are we living for?[2], and my voice reaches your soul - uh, if you have one[1], and, you, you, YOU(!)[2], and ... 'Me?!'[1], and my voice reaches your soul - uh, if you have one[2], and do they know where you are?[1], and ... 'Me?!'[2], and not everything is about you, Voice ... and look how free you are![1], and do they know where you are?[2], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[1], and not everything is about you, Voice ... and look how free you are![2], and the risks you take ...[1], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[2], and, or, or, or ... this moment? Come on![1], and the risks you take ...[2], and maybe they're watching you ...[1], and, or, or, or ... this moment? Come on![2], and ... 'How bored are they, exactly?'[1], and maybe they're watching you ...[2], and maybe you should give it a rest ... play it safe[1], and ... 'How bored are they, exactly?'[2], and your consciousness ...[1], and maybe you should give it a rest ... play it safe[2], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[1], and your consciousness ...[2], and me?[1], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[2], and I'm NOTHING to do with it ... the world you seem to love so much[1], and me?[2], and they can stay out of my life ...[1], and I'm NOTH ING to do with it ... the world you seem to love so much[2], and I'm spinning myself to glory! ... what else is new?[1], and they can stay out of my life ...[2], and just watch me[1], and I'm spinning myself to glory! ... what else is new?[2], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[1], and just watch me[2], and ... ha![1], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[2], and, sha, sha, sha ... man, man![1], and ... ha![2], and that's who I am[1], and, sha, sha, sha ... man, man![2], and I'll never change for fascists or communists or ... whatever they're calling themselves now[1], and that's who I am[2], and Satan loves them[1], and I'll never change for fascists or communists or ... whatever they're calling themselves now[2], and, and, and ... the cosmos love me![1], and Satan loves them[2], and ... come on![1], and, and, and ... the cosmos love me![2], and, uh ...[3], and ... come on![2], and it's so confusing[3], and no one knows what anyone's rights are any more, man[3], and I feel free ... a-ROUND here, like[3], and they say ... we must keep breathing, but ... why?! / and ... what are we living for?[3], and, you, you, YOU(!)[3], and my voice reaches your soul - uh, if you have one[3], and ... 'Me?!'[3], and do they know where you are?[3], and not everything is about you, Voice ... and look how free you are![3], and, listen to me ... do they know that you're ... dizzy all a-ROUND ... at this very moment?[3], and the risks you take ...[3], and, or, or, or ... this moment? Come on![3], and maybe they're watching you ...[3], and ... 'How bored are they, exactly?'[3], and maybe you should give it a rest ... play it safe[3], and your consciousness ...[3], and do they know what you're thinking? Oh dear ... / and I hope they approve ... I really do[3], and me?[3], and I'm N  O  T  H  I  N  G to do with it ... the world you seem to love so much[3], and they can stay out of my life ...[3], and I'm spinning myself to glory! ... what else is new?[3], and just watch me[3], and a-ROUND, and a-ROUND, and a-ROUND ... / ... and they would have to be massive fools to mess with me[3], and ... ha![3], and, sha, sha, sha ... man, man![3], and that's who I am[3], and I'll never change for fascists or communists or ... whatever they're calling themselves now[3], and Satan loves them[3], and, and, and ... the cosmos love me![3], and ... come on![3], and