[No. 1,195]

And there[1], and here I will tell it yes so listen[1], and there[2], and there though there[1], and here I will tell it yes so listen[2], and its reality I live in with gritted teeth[1], and there though there[2], and see me kooks[1], and its reality I live in with gritted teeth[2], and a body damaged my back my leg by emptying those buckets of water when it rains[1], and see me kooks[2], and hell life[1], and a body damaged my back my leg by emptying those buckets of water when it rains[2], and I would love a fantasy[1], and hell life[2], and even my breathing is damaged by the damp and the mould[1], and I would love a fantasy[2], and my heart Christ[1], and even my breathing is damaged by the damp and the mould[2], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[1], and my heart Christ[2], and its reality reality reality[1], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[2], and uh uh uh my leg spins spins spins off[1], and its reality reality reality[2], and they would die in this of which or what I speak[1], and uh uh uh my leg spins spins spins off[2], and that would be tragic[1], and they would die in this of which or what I speak[2], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[1], and that would be tragic[2], and its like a holiday so ooo ooo ooo dizzy[1], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[2], and theres glory coming[1], and its like a holiday so ooo ooo ooo dizzy[2], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[1], and theres glory coming[2], and glory glory glory or death[1], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[2], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[1], and glory glory glory or death[2], and or or or is it just some dumb stars and planets[1], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[2], and or god or devil cosmos[1], and or or or is it just some dumb stars and planets[2], and there I suffer[1], and or god or devil cosmos[2], and out out there[1], and there I suffer[2], and the struggle goes on and on and on[1], and out out there[2], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[1], and the struggle goes on and on and on[2], and just to see their faces[1], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[2], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[1], and just to see their faces[2], and yeah yeah maybe[1], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[2], and if I could see it before I die[1], and yeah yeah maybe[2], and ha ha ha[1], and if I could see it before I die[2], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[1], and ha ha ha[2], and I really believe[1], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[2], and there[3], and I really believe[2], and here I will tell it yes so listen[3], and there though there[3], and its reality I live in with gritted teeth[3], and see me kooks[3], and a body damaged my back my leg by emptying those buckets of water when it rains[3], and hell life[3], and I would love a fantasy[3], and even my breathing is damaged by the damp and the mould[3], and my heart Christ[3], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[3], and its reality reality reality[3], and uh uh uh my leg spins spins spins off[3], and they would die in this of which or what I speak[3], and that would be tragic[3], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[3], and its like a holiday so ooo ooo ooo dizzy[3], and theres glory coming[3], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[3], and glory glory glory or death[3], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[3], and or or or is it just some dumb stars and planets[3], and or god or devil cosmos[3], and there I suffer[3], and out out there[3], and the struggle goes on and on and on[3], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[3], and just to see their faces[3], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[3], and yeah yeah maybe[3], and if I could see it before I die[3], and ha ha ha[3], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[3], and I really believe[3], and

And there[1], and here I will tell it yes so listen[1], and there[2], and there though there[1], and here I will tell it yes so listen[2], and its reality I live in with gritted teeth[1], and there though there[2], and see me kooks[1], and its reality I live in with gritted teeth[2], and a body damaged my back my leg by emptying those buckets of water when it rains[1], and see me kooks[2], and hell life[1], and a body damaged my back my leg by emptying those buckets of water when it rains[2], and I would love a fantasy[1], and hell life[2], and even my breathing is damaged by the damp and the mould[1], and I would love a fantasy[2], and my heart Christ[1], and even my breathing is damaged by the damp and the mould[2], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[1], and my heart Christ[2], and its reality reality reality[1], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[2], and uh uh uh my leg spins spins spins off[1], and its reality reality reality[2], and they would die in this of which or what I speak[1], and uh uh uh my leg spins spins spins off[2], and that would be tragic[1], and they would die in this of which or what I speak[2], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[1], and that would be tragic[2], and its like a holiday so ooo ooo ooo dizzy[1], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[2], and theres glory coming[1], and its like a holiday so ooo ooo ooo dizzy[2], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[1], and theres glory coming[2], and glory glory glory or death[1], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[2], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[1], and glory glory glory or death[2], and or or or is it just some dumb stars and planets[1], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[2], and or god or devil cosmos[1], and or or or is it just some dumb stars and planets[2], and there I suffer[1], and or god or devil cosmos[2], and out out there[1], and there I suffer[2], and the struggle goes on and on and on[1], and out out there[2], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[1], and the struggle goes on and on and on[2], and just to see their faces[1], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[2], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[1], and just to see their faces[2], and yeah yeah maybe[1], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[2], and if I could see it before I die[1], and yeah yeah maybe[2], and ha ha ha[1], and if I could see it before I die[2], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[1], and ha ha ha[2], and I really believe[1], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[2], and there[3], and I really believe[2], and here I will tell it yes so listen[3], and there though there[3], and its reality I live in with gritted teeth[3], and see me kooks[3], and a body damaged my back my leg by emptying those buckets of water when it rains[3], and hell life[3], and I would love a fantasy[3], and even my breathing is damaged by the damp and the mould[3], and my heart Christ[3], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[3], and its reality reality reality[3], and uh uh uh my leg spins spins spins off[3], and they would die in this of which or what I speak[3], and that would be tragic[3], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[3], and its like a holiday so ooo ooo ooo dizzy[3], and theres glory coming[3], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[3], and glory glory glory or death[3], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[3], and or or or is it just some dumb stars and planets[3], and or god or devil cosmos[3], and there I suffer[3], and out out there[3], and the struggle goes on and on and on[3], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[3], and just to see their faces[3], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[3], and yeah yeah maybe[3], and if I could see it before I die[3], and ha ha ha[3], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[3], and I really believe[3], and

And there[1], and here I will tell it yes so listen[1], and there[2], and there though there[1], and here I will tell it yes so listen[2], and its reality I live in with gritted teeth[1], and there though there[2], and see me kooks[1], and its reality I live in with gritted teeth[2], and a body damaged my back my leg by emptying those buckets of water when it rains[1], and see me kooks[2], and hell life[1], and a body damaged my back my leg by emptying those buckets of water when it rains[2], and I would love a fantasy[1], and hell life[2], and even my breathing is damaged by the damp and the mould[1], and I would love a fantasy[2], and my heart Christ[1], and even my breathing is damaged by the damp and the mould[2], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[1], and my heart Christ[2], and its reality reality reality[1], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[2], and uh uh uh my leg spins spins spins off[1], and its reality reality reality[2], and they would die in this of which or what I speak[1], and uh uh uh my leg spins spins spins off[2], and that would be tragic[1], and they would die in this of which or what I speak[2], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[1], and that would be tragic[2], and its like a holiday so ooo ooo ooo dizzy[1], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[2], and theres glory coming[1], and its like a holiday so ooo ooo ooo dizzy[2], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[1], and theres glory coming[2], and glory glory glory or death[1], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[2], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[1], and glory glory glory or death[2], and or or or is it just some dumb stars and planets[1], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[2], and or god or devil cosmos[1], and or or or is it just some dumb stars and planets[2], and there I suffer[1], and or god or devil cosmos[2], and out out there[1], and there I suffer[2], and the struggle goes on and on and on[1], and out out there[2], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[1], and the struggle goes on and on and on[2], and just to see their faces[1], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[2], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[1], and just to see their faces[2], and yeah yeah maybe[1], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[2], and if I could see it before I die[1], and yeah yeah maybe[2], and ha ha ha[1], and if I could see it before I die[2], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[1], and ha ha ha[2], and I really believe[1], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[2], and there[3], and I really believe[2], and here I will tell it yes so listen[3], and there though there[3], and its reality I live in with gritted teeth[3], and see me kooks[3], and a body damaged my back my leg by emptying those buckets of water when it rains[3], and hell life[3], and I would love a fantasy[3], and even my breathing is damaged by the damp and the mould[3], and my heart Christ[3], and like a savage I laugh yes I still laugh like the worst savage anyones ever heard about[3], and its reality reality reality[3], and uh uh uh my leg spins spins spins off[3], and they would die in this of which or what I speak[3], and that would be tragic[3], and aRound and aRound and aRound and let me forget for a few spins you killers out there please[3], and its like a holiday so ooo ooo ooo dizzy[3], and theres glory coming[3], and apparently theres a price to pay which I wasnt actually told about but now Im finding out[3], and glory glory glory or death[3], and but but but no no no easy easy easy times thank you cosmos Im sure you know what youre doing like[3], and or or or is it just some dumb stars and planets[3], and or god or devil cosmos[3], and there I suffer[3], and out out there[3], and the struggle goes on and on and on[3], and forget fantasy I would love it love it if I could get this shit to register with all the easy sleepers[3], and just to see their faces[3], and just the awareness in their eyes of my magnificent savagery would make it all worthwhile[3], and yeah yeah maybe[3], and if I could see it before I die[3], and ha ha ha[3], and before Im dust to be reborn as that cosmic dolphin in space because I believe you know[3], and I really believe[3], and

LSEG Lipper: global ETF market review - March 2024

Okay. We've got this from Detlef and the gang.

'Yippee! Yippee! Yippee!'

Calm down. FFS.

The global ETF industry enjoyed overall inflows (+€83.6 bn) for March 2024.

ETFs domiciled in the U.S. enjoyed the highest inflows (+€109.6 bn) for the month, followed by ETFs domiciled in Taiwan (+€12.0 bn) and Ireland (+€8.5 bn).

Equity ETFs (+€113.2 bn) enjoyed the highest estimated net inflows for the month, followed by bond ETFs (+€23.7 bn) and alternatives ETFs (+€6.3 bn).

The best-selling Lipper global classification for March 2024 was Equity U.S. (+€55.5 bn), Equity Global ex U.S. (+€8.4 bn), and Equity Taiwan (+€7.8 bn).

ESG-related ETFs enjoyed inflows of (+€1.5 bn) over the course of March.

BlackRock (iShares) was the best-selling ETF promoter globally for March (+€34.9 bn). It was followed by State Street Global Advisors (+€25.6 bn) and Vanguard (+€24.5 bn).

Active/Semi Active ETFs enjoyed inflows of (+€26.9 bn) for the month.

Nice one, Nsikan.

Right. Let's see what our Detlef has got to say for himself ...

'Make it good, Detlef!'

Shut up, Voice. He's a professional.

'Of course he is.'

Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "March 2024 was another month with healthy inflows for the global ETF industry. These inflows occurred in a further unstable market environment since the geopolitical tensions in Middle East, especially the Red Sea, increased over the course of the month. Nevertheless, since a number of shipping companies these days avoid the passage of the Suez channel, it is to be expected that the prolonged delivery times will cause some tensions for the still vulnerable delivery chains.

"Market sentiment was further driven by hopes that central banks - especially the U.S. Federal Reserve - have reached the last phase of their fight against high and further increasing inflation rates given their rather dovish statements during/after the respective central bank meetings."

Okay. Fair enough.

Thank you, Detlef.

'Very impressive!'

Yes.

ENDS

ENDS

ENDS

...

Anything else?

Thought(s) of the day, like?

'I like, boss!'

Okay.

Listen, kooks ...

If you're going through bad times ... depression, anxiety, bad health, trouble from the world, people getting you down, anything ...

If you laugh ...

If you really laugh ... a genuine laugh of joy ... no fakeness! ...

Do you know what you're doing in that moment? ... that moment of laughter? ... do you have any idea who you're laughing at??? ...

You're laughing at the devil, my friends ... and he really hates that.

I mean, he really hates it.

Now, there's a chance he'll come back at you with even more horror ...

However, my experience is ... he runs away.

Oh, where you going, devil?

He's scared of me. Yes! The devil is scared of me. How about that, eh?

I wish you all the best, my kooks.

ENDS

ENDS

ENDS

Pro tip: Even if the devil does come back at you: Laugh. Laugh again. Don't stop laughing.

LSEG Lipper: European ETF market review - March 2024

Okay, okay.

And I'm sure there's a PDF attachment. Oh, there is. But we don't need it, do we, Voice?

'We don't want it, boss.'

No, we don't want it. We've got the summary, and we've got some comment from Detlef.

'Let Lucky stew in his own juices! - if that's the right phrase.'

Ha, ha, ha! It probably isn't. But who cares?! Let the devil take the hindmost!

'Ha, ha, ha!'

Yeah.

Anyway ...

ETF promoters in Europe enjoyed estimated net inflows (+€11.0 bn) for March 2024.

Assets under management in the European ETF industry increased over the course of March to €1,720.5 bn.

Equity ETFs (+€9.7 bn) posted the highest estimated net inflows in the European ETF industry for March.

The best-selling Lipper global classification for March was Equity Global (+€3.4 bn), followed by Equity U.S. (+€2.7 bn) and Equity Eurozone (+€1.2 bn).

iShares was the best-selling ETF promoter in Europe for March (+€2.9 bn), ahead of Xtrackers (+€2.0 bn) and Vanguard (+€1.6 bn).

The 10 best-selling ETFs gathered estimated net inflows of €5.3 bn for March.

The best-selling ETF for March, iShares Core S&P 500 UCITS ETF USD (Acc), enjoyed estimated net inflows of €0.9 bn.

Nice one, Nsikan.

Okay.

Now, what does Detlef say?

Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "It can be said that the year 2024 is business as usual for the European ETF industry, as March continued to be a month with healthy inflows. That said, the estimated net flows for March were below the monthly 12-months average. This might have been caused by the strong inflows for January and February in combination with the rather cluttered geopolitical situation. Nevertheless, if the flow trend for Q1 2024 continues, we will witness a new record in annual inflows into the European ETF industry.

"Unfortunately, there are a few hinderances on the trend path which may lead to a rather bumpy road instead of a straight upward trend. As a result, this forecast may look quite optimistic. That said, I am quite sure that the trend towards ETFs will continue in Europe."

Thanks, Detlef.

Okay.

And what does Lucky say?

Lucky?

And what does Lucky say?

'He can't say nothing, boss!'

Oh, he can't say nothing because we haven't opened the PDF attachment, and we're not going to open it.

'Ha, ha, ha!'

Ha, ha, ha! Tough luck, Lucky!

ENDS

ENDS

ENDS

...

Oh, I bet he's angry, in that PDF.

Never mind.

You see, kooks, we don't need Lucky when we've got Detlef with some decent comment in the main body of the email.

'That's something Nsikan needs to think about, boss.'

Yes, Voice.

Well, actually ... they should spend a bit of money and get a professional to do the PDFs for them.

I mean, what qualifications does Lucky have?

'He was once in a play.'

Yeah.

Then it was all downhill.

Never mind.

ENDS

ENDS

ENDS

[No. 1,194]

And uh more[1], and words yeah yeah[1], and uh more[2], and now what with the words this time[1], and words yeah yeah[2], and er[1], and now what with the words this time[2], and oh hello hello you you you[1], and er[2], and listen[1], and oh hello hello you you you[2], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[1], and listen[2], and listen listen to me[1], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[2], and aRound aRound and aRound uh uh dont think no[1], and listen listen to me[2], and I hear you Christ[1], and aRound aRound and aRound uh uh dont think no[2], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[1], and I hear you Christ[2], and dont cry[1], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[2], and but but but obviously[1], and dont cry[2], and we the kooks[1], and but but but obviously[2], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[1], and we the kooks[2], and yes yes yes[1], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[2], and dont worry about the squares those never mind[1], and yes yes yes[2], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[1], and dont worry about the squares those never mind[2], and smile please come on[1], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[2], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[1], and smile please come on[2], and I should but I dont[1], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[2], and the Owlman is waiting for me and I know what he wants[1], and I should but I dont[2], and ... 'Pasties!'[1], and the Owlman is waiting for me and I know what he wants[2], and he wants to see the poems I've been working on and but only one mentions his land so far[1], and ... 'Pasties!'[2], and anyway source material[1], and he wants to see the poems I've been working on and but only one mentions his land so far[2], and ha ha ha I got more of this material than I know what to do with and Im not complaining[1], and anyway source material[2], and anyway flow state[1], and ha ha ha I got more of this material than I know what to do with and Im not complaining[2], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[1], and anyway flow state[2], and words words words like a river[1], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[2], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[1], and words words words like a river[2], and what a life[1], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[2], and uh more[3], and what a life[2], and words yeah yeah[3], and now what with the words this time[3], and er[3], and oh hello hello you you you[3], and listen[3], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[3], and listen listen to me[3], and aRound aRound and aRound uh uh dont think no[3], and I hear you Christ[3], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[3], and dont cry[3], and but but but obviously[3], and we the kooks[3], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[3], and yes yes yes[3], and dont worry about the squares those never mind[3], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[3], and smile please come on[3], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[3], and I should but I dont[3], and the Owlman is waiting for me and I know what he wants[3], and ... 'Pasties!'[3], and he wants to see the poems I've been working on and but only one mentions his land so far[3], and anyway source material[3], and ha ha ha I got more of this material than I know what to do with and Im not complaining[3], and anyway flow state[3], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[3], and words words words like a river[3], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[3], and what a life[3], and

And uh more[1], and words yeah yeah[1], and uh more[2], and now what with the words this time[1], and words yeah yeah[2], and er[1], and now what with the words this time[2], and oh hello hello you you you[1], and er[2], and listen[1], and oh hello hello you you you[2], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[1], and listen[2], and listen listen to me[1], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[2], and aRound aRound and aRound uh uh dont think no[1], and listen listen to me[2], and I hear you Christ[1], and aRound aRound and aRound uh uh dont think no[2], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[1], and I hear you Christ[2], and dont cry[1], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[2], and but but but obviously[1], and dont cry[2], and we the kooks[1], and but but but obviously[2], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[1], and we the kooks[2], and yes yes yes[1], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[2], and dont worry about the squares those never mind[1], and yes yes yes[2], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[1], and dont worry about the squares those never mind[2], and smile please come on[1], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[2], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[1], and smile please come on[2], and I should but I dont[1], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[2], and the Owlman is waiting for me and I know what he wants[1], and I should but I dont[2], and ... 'Pasties!'[1], and the Owlman is waiting for me and I know what he wants[2], and he wants to see the poems I've been working on and but only one mentions his land so far[1], and ... 'Pasties!'[2], and anyway source material[1], and he wants to see the poems I've been working on and but only one mentions his land so far[2], and ha ha ha I got more of this material than I know what to do with and Im not complaining[1], and anyway source material[2], and anyway flow state[1], and ha ha ha I got more of this material than I know what to do with and Im not complaining[2], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[1], and anyway flow state[2], and words words words like a river[1], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[2], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[1], and words words words like a river[2], and what a life[1], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[2], and uh more[3], and what a life[2], and words yeah yeah[3], and now what with the words this time[3], and er[3], and oh hello hello you you you[3], and listen[3], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[3], and listen listen to me[3], and aRound aRound and aRound uh uh dont think no[3], and I hear you Christ[3], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[3], and dont cry[3], and but but but obviously[3], and we the kooks[3], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[3], and yes yes yes[3], and dont worry about the squares those never mind[3], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[3], and smile please come on[3], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[3], and I should but I dont[3], and the Owlman is waiting for me and I know what he wants[3], and ... 'Pasties!'[3], and he wants to see the poems I've been working on and but only one mentions his land so far[3], and anyway source material[3], and ha ha ha I got more of this material than I know what to do with and Im not complaining[3], and anyway flow state[3], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[3], and words words words like a river[3], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[3], and what a life[3], and

And uh more[1], and words yeah yeah[1], and uh more[2], and now what with the words this time[1], and words yeah yeah[2], and er[1], and now what with the words this time[2], and oh hello hello you you you[1], and er[2], and listen[1], and oh hello hello you you you[2], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[1], and listen[2], and listen listen to me[1], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[2], and aRound aRound and aRound uh uh dont think no[1], and listen listen to me[2], and I hear you Christ[1], and aRound aRound and aRound uh uh dont think no[2], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[1], and I hear you Christ[2], and dont cry[1], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[2], and but but but obviously[1], and dont cry[2], and we the kooks[1], and but but but obviously[2], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[1], and we the kooks[2], and yes yes yes[1], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[2], and dont worry about the squares those never mind[1], and yes yes yes[2], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[1], and dont worry about the squares those never mind[2], and smile please come on[1], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[2], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[1], and smile please come on[2], and I should but I dont[1], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[2], and the Owlman is waiting for me and I know what he wants[1], and I should but I dont[2], and ... 'Pasties!'[1], and the Owlman is waiting for me and I know what he wants[2], and he wants to see the poems I've been working on and but only one mentions his land so far[1], and ... 'Pasties!'[2], and anyway source material[1], and he wants to see the poems I've been working on and but only one mentions his land so far[2], and ha ha ha I got more of this material than I know what to do with and Im not complaining[1], and anyway source material[2], and anyway flow state[1], and ha ha ha I got more of this material than I know what to do with and Im not complaining[2], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[1], and anyway flow state[2], and words words words like a river[1], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[2], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[1], and words words words like a river[2], and what a life[1], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[2], and uh more[3], and what a life[2], and words yeah yeah[3], and now what with the words this time[3], and er[3], and oh hello hello you you you[3], and listen[3], and you might be thinking and you might be asking yous selfs or even me if I can even hear you[3], and listen listen to me[3], and aRound aRound and aRound uh uh dont think no[3], and I hear you Christ[3], and Ill be honest I dont know how many spins weve got left man ah maybe only another four conceptuals to go[3], and dont cry[3], and but but but obviously[3], and we the kooks[3], and we will spin forever together all of us kooks for all of eternity because thats the way I designed it[3], and yes yes yes[3], and dont worry about the squares those never mind[3], and when Im gone Ill still be here and you too ooo ooo and thats something to be happy about aint it[3], and smile please come on[3], and Ive been called to the poetry game out on the beaches and the cliffs where all will be revealed I should think[3], and I should but I dont[3], and the Owlman is waiting for me and I know what he wants[3], and ... 'Pasties!'[3], and he wants to see the poems I've been working on and but only one mentions his land so far[3], and anyway source material[3], and ha ha ha I got more of this material than I know what to do with and Im not complaining[3], and anyway flow state[3], and my God my cosmos I mean I cant stop flowing and it would be nice to have a rest sometimes[3], and words words words like a river[3], and many many rivers streams from the cosmos and yes I know at last thats its me yes I who is the sea[3], and what a life[3], and

[No. 1,193]

And so[1], and excuse me[1], and so[2], and me brain is upset now[1], and excuse me[2], and whats that voice that hellish voice[1], and me brain is upset now[2], and blah blah[1], and whats that voice that hellish voice[2], and its my brain under attack[1], and blah blah[2], and whats that noise and whats that knock and whats that bell and whats that ringing sound[1], and its my brain under attack[2], and blah obviously[1], and whats that noise and whats that knock and whats that bell and whats that ringing sound[2], and with the hissing oh the hissing yes my ears[1], and blah obviously[2], and its hell[1], and with the hissing oh the hissing yes my ears[2], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[1], and its hell[2], and cant hide and its stressful[1], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[2], and I wish I could go and go and go you know[1], and cant hide and its stressful[2], and oh yous know[1], and I wish I could go and go and go you know[2], and look look putting some words down here my fingers all nervous here is all I can do[1], and oh yous know[2], and its all all[1], and look look putting some words down here my fingers all nervous here is all I can do[2], and you cant just throw just one spear[1], and its all all[2], and you have to keep on[1], and you cant just throw just one spear[2], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[1], and you have to keep on[2], and Im exhausted[1], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[2], and let me go society please please[1], and Im exhausted[2], and there there[1], and let me go society please please[2], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[1], and there there[2], and hello hello kooks hello[1], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[2], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[1], and hello hello kooks hello[2], and I know you are[1], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[2], and I like me pillow too[1], and I know you are[2], and we can travel like that cant we yes we can[1], and I like me pillow too[2], and we can go[1], and we can travel like that cant we yes we can[2], and just like a magic carpet I suppose maybe[1], and we can go[2], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[1], and just like a magic carpet I suppose maybe[2], and I imagine[1], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[2], and er er hopefully yes no guarantees like[1], and I imagine[2], and what you think[1], and er er hopefully yes no guarantees like[2], and know and yes yous[1], and what you think[2], and anyone not with me cant know or imagine[1], and know and yes yous[2], and so there[1], and anyone not with me cant know or imagine[2], and so[3], and so there[2], and excuse me[3], and me brain is upset now[3], and whats that voice that hellish voice[3], and blah blah[3], and its my brain under attack[3], and whats that noise and whats that knock and whats that bell and whats that ringing sound[3], and blah obviously[3], and with the hissing oh the hissing yes my ears[3], and its hell[3], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[3], and cant hide and its stressful[3], and I wish I could go and go and go you know[3], and oh yous know[3], and look look putting some words down here my fingers all nervous here is all I can do[3], and its all all[3], and you cant just throw just one spear[3], and you have to keep on[3], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[3], and Im exhausted[3], and let me go society please please[3], and there there[3], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[3], and hello hello kooks hello[3], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[3], and I know you are[3], and I like me pillow too[3], and we can travel like that cant we yes we can[3], and we can go[3], and just like a magic carpet I suppose maybe[3], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[3], and I imagine[3], and er er hopefully yes no guarantees like[3], and what you think[3], and know and yes yous[3], and anyone not with me cant know or imagine[3], and so there[3], and

And so[1], and excuse me[1], and so[2], and me brain is upset now[1], and excuse me[2], and whats that voice that hellish voice[1], and me brain is upset now[2], and blah blah[1], and whats that voice that hellish voice[2], and its my brain under attack[1], and blah blah[2], and whats that noise and whats that knock and whats that bell and whats that ringing sound[1], and its my brain under attack[2], and blah obviously[1], and whats that noise and whats that knock and whats that bell and whats that ringing sound[2], and with the hissing oh the hissing yes my ears[1], and blah obviously[2], and its hell[1], and with the hissing oh the hissing yes my ears[2], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[1], and its hell[2], and cant hide and its stressful[1], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[2], and I wish I could go and go and go you know[1], and cant hide and its stressful[2], and oh yous know[1], and I wish I could go and go and go you know[2], and look look putting some words down here my fingers all nervous here is all I can do[1], and oh yous know[2], and its all all[1], and look look putting some words down here my fingers all nervous here is all I can do[2], and you cant just throw just one spear[1], and its all all[2], and you have to keep on[1], and you cant just throw just one spear[2], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[1], and you have to keep on[2], and Im exhausted[1], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[2], and let me go society please please[1], and Im exhausted[2], and there there[1], and let me go society please please[2], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[1], and there there[2], and hello hello kooks hello[1], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[2], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[1], and hello hello kooks hello[2], and I know you are[1], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[2], and I like me pillow too[1], and I know you are[2], and we can travel like that cant we yes we can[1], and I like me pillow too[2], and we can go[1], and we can travel like that cant we yes we can[2], and just like a magic carpet I suppose maybe[1], and we can go[2], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[1], and just like a magic carpet I suppose maybe[2], and I imagine[1], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[2], and er er hopefully yes no guarantees like[1], and I imagine[2], and what you think[1], and er er hopefully yes no guarantees like[2], and know and yes yous[1], and what you think[2], and anyone not with me cant know or imagine[1], and know and yes yous[2], and so there[1], and anyone not with me cant know or imagine[2], and so[3], and so there[2], and excuse me[3], and me brain is upset now[3], and whats that voice that hellish voice[3], and blah blah[3], and its my brain under attack[3], and whats that noise and whats that knock and whats that bell and whats that ringing sound[3], and blah obviously[3], and with the hissing oh the hissing yes my ears[3], and its hell[3], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[3], and cant hide and its stressful[3], and I wish I could go and go and go you know[3], and oh yous know[3], and look look putting some words down here my fingers all nervous here is all I can do[3], and its all all[3], and you cant just throw just one spear[3], and you have to keep on[3], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[3], and Im exhausted[3], and let me go society please please[3], and there there[3], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[3], and hello hello kooks hello[3], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[3], and I know you are[3], and I like me pillow too[3], and we can travel like that cant we yes we can[3], and we can go[3], and just like a magic carpet I suppose maybe[3], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[3], and I imagine[3], and er er hopefully yes no guarantees like[3], and what you think[3], and know and yes yous[3], and anyone not with me cant know or imagine[3], and so there[3], and

And so[1], and excuse me[1], and so[2], and me brain is upset now[1], and excuse me[2], and whats that voice that hellish voice[1], and me brain is upset now[2], and blah blah[1], and whats that voice that hellish voice[2], and its my brain under attack[1], and blah blah[2], and whats that noise and whats that knock and whats that bell and whats that ringing sound[1], and its my brain under attack[2], and blah obviously[1], and whats that noise and whats that knock and whats that bell and whats that ringing sound[2], and with the hissing oh the hissing yes my ears[1], and blah obviously[2], and its hell[1], and with the hissing oh the hissing yes my ears[2], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[1], and its hell[2], and cant hide and its stressful[1], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[2], and I wish I could go and go and go you know[1], and cant hide and its stressful[2], and oh yous know[1], and I wish I could go and go and go you know[2], and look look putting some words down here my fingers all nervous here is all I can do[1], and oh yous know[2], and its all all[1], and look look putting some words down here my fingers all nervous here is all I can do[2], and you cant just throw just one spear[1], and its all all[2], and you have to keep on[1], and you cant just throw just one spear[2], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[1], and you have to keep on[2], and Im exhausted[1], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[2], and let me go society please please[1], and Im exhausted[2], and there there[1], and let me go society please please[2], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[1], and there there[2], and hello hello kooks hello[1], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[2], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[1], and hello hello kooks hello[2], and I know you are[1], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[2], and I like me pillow too[1], and I know you are[2], and we can travel like that cant we yes we can[1], and I like me pillow too[2], and we can go[1], and we can travel like that cant we yes we can[2], and just like a magic carpet I suppose maybe[1], and we can go[2], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[1], and just like a magic carpet I suppose maybe[2], and I imagine[1], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[2], and er er hopefully yes no guarantees like[1], and I imagine[2], and what you think[1], and er er hopefully yes no guarantees like[2], and know and yes yous[1], and what you think[2], and anyone not with me cant know or imagine[1], and know and yes yous[2], and so there[1], and anyone not with me cant know or imagine[2], and so[3], and so there[2], and excuse me[3], and me brain is upset now[3], and whats that voice that hellish voice[3], and blah blah[3], and its my brain under attack[3], and whats that noise and whats that knock and whats that bell and whats that ringing sound[3], and blah obviously[3], and with the hissing oh the hissing yes my ears[3], and its hell[3], and aRound aRound and aRound cant even be no escape from outside realities coming in and in and in[3], and cant hide and its stressful[3], and I wish I could go and go and go you know[3], and oh yous know[3], and look look putting some words down here my fingers all nervous here is all I can do[3], and its all all[3], and you cant just throw just one spear[3], and you have to keep on[3], and everyone out there oh it seems theyre all Darius sometimes and they wont leave me alone[3], and Im exhausted[3], and let me go society please please[3], and there there[3], and I need the cliffs and the grass there and the beaches there and the sand there like yous might need your pillow[3], and hello hello kooks hello[3], and tell me if you can and in your own words how much you need your pillow if you do if youre like that[3], and I know you are[3], and I like me pillow too[3], and we can travel like that cant we yes we can[3], and we can go[3], and just like a magic carpet I suppose maybe[3], and go gone gone gone from the cold world and appearing maybe on the astral plane ah somewhere nice[3], and I imagine[3], and er er hopefully yes no guarantees like[3], and what you think[3], and know and yes yous[3], and anyone not with me cant know or imagine[3], and so there[3], and

Consulting at Davies

Eh?! Who's consulting at Davies?

'They're crazy, boss.'

Maybe, Voice. But we need to investigate.

Good morning,

'Who's that?!'

Er ... Dom.

'You mean that bottle of champagne they buried under that rock in Fandango ... ???'

Er ... it might be a different Dom, Voice.

I wanted to share a press release that I hope you'll be interested in covering today.

No, it's not the champagne under the rock.

'Was it actually under the rock, boss?'

I don't know. Maybe buried nearby.

'Yeah.'

It would be a lot of work putting it under the rock.

Anyway ...

Consulting at Davies (formerly known as Sionic), a specialist financial services consultancy, has made three senior hires as part of its international growth. These include a new partner and head of asset wealth management in N. America; a new principal consultant; and a new director.

Why did the firm change its name? The new name is confusing me, me ... me. But maybe not others.

'Ha! Me, too!'

All the info is below. And photos are below that. This story is available for immediate use.

Many thanks,

Dom 

All right, Dom.

Consulting at Davies continues to build momentum with three senior hires

London, UK, 16 April 2024

Consulting at Davies, formerly known as Sionic, has announced three new additions to its senior team.

Okay, okay. Who are they, these hires?

Peter Keaveney has joined as a Partner and Head of the North American Asset & Wealth Management practice, Roshni Patel has been appointed as Principal Consultant, and Matt Lonsdale has taken up a position as a Director.

Okay.

Keaveney joins Consulting at Davies with over -

No, no. We don't need all this. Let's go straight to the voices.

'Yippee!'

Peter Keaveney said: "I'm in heaven when you smile."

Ha!

Peter Keaveney says: "I'm excited to join the team and to play a part in both nurturing and growing Davies' client base through highlighting our unique range of expertise and unparalleled commitment to delivering measurable value to our clients. Davies' commitment to building robust client relationships is key to our growth plans and I'm pleased to be part of this journey with the rest of the team and am excited for the challenges that lie ahead."

My God! He's excited. He's pleased. And he's excited again.

'Let's see if Roshni can top that!'

Roshni Patel comments: "Implementing new technology solutions and migrating data from legacy arrangements is never just about the tooling itself. Success depends on engaging with business teams, resolving issues and influencing stakeholders. This is where my experience and passion lie, and this is where Consulting at Davies excels, so I'm very excited to have joined the team and look forward to taking my career forward at Davies."

Excited. Okay. Fine.

Matt?

Matt Lonsdale adds: "Over the last two decades, I've been driven by a passion for growing financial services organisations through an environment of constant change. My new role at Davies is a natural fit as the Consulting division grows with new acquisitions, capabilities, sectors, and locations. I'm excited to be part of these developments."

Excited.

'And the prize goes to ... [drum roll] ... Peter!'

Yeah, well done, son.

Oh ... let's finish with Paul Sutton.

'Who's he?!'

Ha! Come on, Paul ...

On the appointments, Paul Sutton, Davies Managing Partner, says: "We're thrilled to have Peter, Roshni and Matt join our team. They each bring significant expertise and skills, which will be valuable as we continue to evolve post-Sionic. While we continue to navigate the waters at this crucial time, growing our service offering is vital for our growth and the success of our clients."

Thrilled.

Nice one, son!

ENDS

ENDS

ENDS

...

Anything else?

Zeus be with us!

That's all I've got to say, man.

'Say more.'

Well, okay. I watched the Gaugamela scene this morning at five. As soon as I got up. It's routine now, BUT

I need to stop watching other stuff, you dig? For the Gaugamela scene to really work on my consciousness, you dig?

Unfortunately, I'm addicted to CJ Explores the beaches of Newquay. Not their town video. The bigger video about the beaches.

I will stop though.

Laters.

LSEG Lipper: European ETF yearbook 2024

Hi,

Please see attached for the LSEG Lipper European ETF Yearbook 2024.

Thanks,

Nsikan

Oh, I don't like the look of this.

'It's a very short email, isn't it?'

That's what I'm thinking, Voice. A very short email from Nsikan, and then ...

'A PDF attachment.'

Yes, a PDF attachment.

'What do you think is inside that attachment, boss?'

Carnage. Pure carnage.

'Lucky, you mean?'

I mean Lucky.

'Are you going to open it then?'

Not yet.

'When?'

In a minute - !!!

'Christ. Just open it now. Get it over and done with.'

Yeah.

'What are you doing?'

I'm looking at the other PR emails.

'Oh, come on!'

All right, all right.

European ETF Industry Review: 2023   4 Estimated Net Flows by Replication Methodology .................................................................................................................... 42 A View on Fees and Expenses .................................................................................................................................................. 43 An Analysis of the Total Expense Ratios (TERs) of ETFs in Europe ........................................................................................ 43 Average Total Expense Ratios by Asset Type .......................................................................................................................... 44 Total Expense Ratios of Plain Vanilla ETFs .............................................................................................................................. 45 Total Expense Ratios of Active ETFs ........................................................................................................................................ 46 Total Expense Ratios of Factor-Based ETFs ............................................................................................................................ 47 Total Expense Ratios of Factor-Based Bond ETFs ................................................................................................................... 48 Total Expense Ratios of Factor-Based Equity ETFs ................................................................................................................. 49 Total Expense Ratios of ETFs by SFDR Article ........................................................................................................................ 50 Are ESG-Related ETFs Too Expensive? .................................................................................................................................. 53 The European ETF Landscape – ETF Launches and Closures .............................................................................................. 55 ETFs with a High Closure Risk—The ETF Death List ............................................................................................................... 62 Why are ETF Promoters Closing ETFs? ................................................................................................................................... 63 Methodology and Results .......................................................................................................................................................... 64 The ETF Death List as of December 31, 2023 .......................................................................................................................... 64 Why Every Fund Management Company Needs an ETF Strategy .......................................................................................... 66 The Future of the European ETF Industry 2024 and Beyond .................................................................................................. 68 Appendix 1: A Brief History of the European ETF Industry .................................................................................................... 71 Contact Details ............................................................................................................................................................................ 77  

Lucky! Lucky!

What?

What is that?!

Oh sorry guys I think it was supposed to be some charts or tables or something

FFS.

Sorry

European ETF industry review 2023   5 review      of the European              ETF Industry 2023                   its fair to say               that 2023 was a challenging year for portfolio managers                around the globe!            since the markets were driven by a number of different factors and unpredictable            incidents each of these               could have caused a major market downturn on their own first          of all there were a lot!                              of geopolitical tensions around the globe beside the war in Ukraine which showed             that democratic         states might be        more vulnerable than                     one may think!               the concerns of European investors increased towards the end of 2023 since the actions    taken by the Houthi                rebels in the red!                         sea have the power!                       to disrupt the still vulnerable delivery chains in Europe and other parts of the world also there were economic factors which burdened the expectations of investors such as Chinas failure to                                     meet the growth!                     expectations of investors when its economy was reopened after the end of the countrys zero          thing strategy    talking about China the credit crisis in the Chinese real estate sector later in the year was another factor that could have caused a market downturn if it wasnt handled well by the Chinese government               nevertheless investors               are still cautious about investments in China after the           meltdown in the bond        segment during the interest            hiking cycle!           over the course of 2022     investors hoped that the measures taken by central banks would bring down inflation and lead to falling interest rates this -

All right, Lucky.

Theres a lot of this

Yes, I'm sure there is, but -

assumption went!             against the hawkish!                    statements of central             banks        around the globe                 for the first 10!            months of 2023                  the relatively high!              interest rates     raised              fears that some major!       economies such as the       US would face a hard          landing in addition to this some investors might have recalled                              bad memories!           when the 

STOP!

Uh

STOP! STOP!

Lucky ...

'Where is he?'

Gone now, I think.

'Oh.'

Absolutely ridiculous.

ENDS

ENDS

ENDS

[No. 1,192]

And oh hello[1], and kooks yous lovers of words[1], and oh hello[2], and yes yes even though I dreamt a piano tune last night my life[1], and kooks yous lovers of words[2], and anyway my kooks[1], and yes yes even though I dreamt a piano tune last night my life[2], and words words words again can there be any harm in it well maybe[1], and anyway my kooks[2], and Ive been thinking again Christ[1], and words words words again can there be any harm in it well maybe[2], and ha ha ha its my life[1], and Ive been thinking again Christ[2], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[1], and ha ha ha its my life[2], and too ooo poetic with all the rhetoric you dig[1], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[2], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[1], and too ooo poetic with all the rhetoric you dig[2], and what no no no thank you I wont thank you[1], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[2], and listen listen[1], and what no no no thank you I wont thank you[2], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[1], and listen listen[2], and what can be done[1], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[2], and tell me tell me no Ill tell you[1], and what can be done[2], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[1], and tell me tell me no Ill tell you[2], and sneaky grandeur[1], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[2], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[1], and sneaky grandeur[2], and sneaking in with words words words of such power[1], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[2], and it could happen[1], and sneaking in with words words words of such power[2], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[1], and it could happen[2], and amazing really after all this time[1], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[2], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[1], and amazing really after all this time[2], and they dragged me away from music[1], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[2], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[1], and they dragged me away from music[2], and what a nightmare[1], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[2], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[1], and what a nightmare[2], and but theres a reason and a plan got to be[1], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[2], and Im rarely in the loop of course[1], and but theres a reason and a plan got to be[2], and Im just confused about life my life and my destiny these days[1], and Im rarely in the loop of course[2], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[1], and Im just confused about life my life and my destiny these days[2], and the dolphins dont have hands neither[1], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[2], and but but[1], and the dolphins dont have hands neither[2], and Billy has hands!!![1], and but but[2], and thats a relief[1], and Billy has hands!!![2], and oh hello[3], and thats a relief[2], and kooks yous lovers of words[3], and yes yes even though I dreamt a piano tune last night my life[3], and anyway my kooks[3], and words words words again can there be any harm in it well maybe[3], and Ive been thinking again Christ[3], and ha ha ha its my life[3], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[3], and too ooo poetic with all the rhetoric you dig[3], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[3], and what no no no thank you I wont thank you[3], and listen listen[3], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[3], and what can be done[3], and tell me tell me no Ill tell you[3], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[3], and sneaky grandeur[3], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[3], and sneaking in with words words words of such power[3], and it could happen[3], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[3], and amazing really after all this time[3], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[3], and they dragged me away from music[3], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[3], and what a nightmare[3], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[3], and but theres a reason and a plan got to be[3], and Im rarely in the loop of course[3], and Im just confused about life my life and my destiny these days[3], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[3], and the dolphins dont have hands neither[3], and but but[2], and Billy has hands!!![3], and thats a relief[3], and

And oh hello[1], and kooks yous lovers of words[1], and oh hello[2], and yes yes even though I dreamt a piano tune last night my life[1], and kooks yous lovers of words[2], and anyway my kooks[1], and yes yes even though I dreamt a piano tune last night my life[2], and words words words again can there be any harm in it well maybe[1], and anyway my kooks[2], and Ive been thinking again Christ[1], and words words words again can there be any harm in it well maybe[2], and ha ha ha its my life[1], and Ive been thinking again Christ[2], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[1], and ha ha ha its my life[2], and too ooo poetic with all the rhetoric you dig[1], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[2], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[1], and too ooo poetic with all the rhetoric you dig[2], and what no no no thank you I wont thank you[1], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[2], and listen listen[1], and what no no no thank you I wont thank you[2], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[1], and listen listen[2], and what can be done[1], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[2], and tell me tell me no Ill tell you[1], and what can be done[2], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[1], and tell me tell me no Ill tell you[2], and sneaky grandeur[1], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[2], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[1], and sneaky grandeur[2], and sneaking in with words words words of such power[1], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[2], and it could happen[1], and sneaking in with words words words of such power[2], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[1], and it could happen[2], and amazing really after all this time[1], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[2], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[1], and amazing really after all this time[2], and they dragged me away from music[1], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[2], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[1], and they dragged me away from music[2], and what a nightmare[1], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[2], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[1], and what a nightmare[2], and but theres a reason and a plan got to be[1], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[2], and Im rarely in the loop of course[1], and but theres a reason and a plan got to be[2], and Im just confused about life my life and my destiny these days[1], and Im rarely in the loop of course[2], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[1], and Im just confused about life my life and my destiny these days[2], and the dolphins dont have hands neither[1], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[2], and but but[1], and the dolphins dont have hands neither[2], and Billy has hands!!![1], and but but[2], and thats a relief[1], and Billy has hands!!![2], and oh hello[3], and thats a relief[2], and kooks yous lovers of words[3], and yes yes even though I dreamt a piano tune last night my life[3], and anyway my kooks[3], and words words words again can there be any harm in it well maybe[3], and Ive been thinking again Christ[3], and ha ha ha its my life[3], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[3], and too ooo poetic with all the rhetoric you dig[3], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[3], and what no no no thank you I wont thank you[3], and listen listen[3], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[3], and what can be done[3], and tell me tell me no Ill tell you[3], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[3], and sneaky grandeur[3], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[3], and sneaking in with words words words of such power[3], and it could happen[3], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[3], and amazing really after all this time[3], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[3], and they dragged me away from music[3], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[3], and what a nightmare[3], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[3], and but theres a reason and a plan got to be[3], and Im rarely in the loop of course[3], and Im just confused about life my life and my destiny these days[3], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[3], and the dolphins dont have hands neither[3], and but but[2], and Billy has hands!!![3], and thats a relief[3], and

And oh hello[1], and kooks yous lovers of words[1], and oh hello[2], and yes yes even though I dreamt a piano tune last night my life[1], and kooks yous lovers of words[2], and anyway my kooks[1], and yes yes even though I dreamt a piano tune last night my life[2], and words words words again can there be any harm in it well maybe[1], and anyway my kooks[2], and Ive been thinking again Christ[1], and words words words again can there be any harm in it well maybe[2], and ha ha ha its my life[1], and Ive been thinking again Christ[2], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[1], and ha ha ha its my life[2], and too ooo poetic with all the rhetoric you dig[1], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[2], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[1], and too ooo poetic with all the rhetoric you dig[2], and what no no no thank you I wont thank you[1], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[2], and listen listen[1], and what no no no thank you I wont thank you[2], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[1], and listen listen[2], and what can be done[1], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[2], and tell me tell me no Ill tell you[1], and what can be done[2], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[1], and tell me tell me no Ill tell you[2], and sneaky grandeur[1], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[2], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[1], and sneaky grandeur[2], and sneaking in with words words words of such power[1], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[2], and it could happen[1], and sneaking in with words words words of such power[2], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[1], and it could happen[2], and amazing really after all this time[1], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[2], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[1], and amazing really after all this time[2], and they dragged me away from music[1], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[2], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[1], and they dragged me away from music[2], and what a nightmare[1], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[2], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[1], and what a nightmare[2], and but theres a reason and a plan got to be[1], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[2], and Im rarely in the loop of course[1], and but theres a reason and a plan got to be[2], and Im just confused about life my life and my destiny these days[1], and Im rarely in the loop of course[2], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[1], and Im just confused about life my life and my destiny these days[2], and the dolphins dont have hands neither[1], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[2], and but but[1], and the dolphins dont have hands neither[2], and Billy has hands!!![1], and but but[2], and thats a relief[1], and Billy has hands!!![2], and oh hello[3], and thats a relief[2], and kooks yous lovers of words[3], and yes yes even though I dreamt a piano tune last night my life[3], and anyway my kooks[3], and words words words again can there be any harm in it well maybe[3], and Ive been thinking again Christ[3], and ha ha ha its my life[3], and if Dylan Thomas were alive today Im pretty sure he would have a hard time of it[3], and too ooo poetic with all the rhetoric you dig[3], and uh uh gotta tone that shit down man and mention some brands and some coffee shops yeah[3], and what no no no thank you I wont thank you[3], and listen listen[3], and subcultures dont get sub by accident you know oh not if they were once the heart of the culture[3], and what can be done[3], and tell me tell me no Ill tell you[3], and yous gotta be clever and so ooo crafty I suppose yes thats the only way in[3], and sneaky grandeur[3], and imagine Dylan and Billy and Shakey as sort of spies today if they were ghosts maybe ha[3], and sneaking in with words words words of such power[3], and it could happen[3], and Billy yes Billy well you know I mean I told you didnt I yes yes all about Billy ghost and his friend too[3], and amazing really after all this time[3], and but but but I suppose that Christmas Day dream was a sign of how serious the situation has become[3], and they dragged me away from music[3], and did they screw up my home so I gotta be in a tent on a beach or a cliff I dont know no[3], and what a nightmare[3], and I wouldnt be surprised with the cosmos all ruthless like with no human feelings at all like[3], and but theres a reason and a plan got to be[3], and Im rarely in the loop of course[3], and Im just confused about life my life and my destiny these days[3], and Ill leave it all in the cosmosses capable hands even though it dont have no hands my friends ha[3], and the dolphins dont have hands neither[3], and but but[2], and Billy has hands!!![3], and thats a relief[3], and