Sunsetting this blog.

August 2022

Deceptive y/y comps will "validate" the Fed's inflation complacency for a few months, until comps stop doing the Fed's job for it

July 2022

The Terra Rebels designate August 12 as the date of a head-on collision with Terraform Labs
When will the Fed nuke the MBS market?
Meet the Terra Rebels, the decentralized dream team fighting grim odds to restore a governance premium in LUNC.
The Fed can’t stop tightening until realized rents, with their 12-month lead time over CPI-reported rent (30% of total inflation), normalize to around…

June 2022

3 weeks after Terra 1's default, Kwon's hostage-taking of the Terra 1 network begs the question: Why?

May 2022

Trump 2024 =>> Jeb! 2016
The champion-turned-traitor of decentralized money continues making governance mistakes which any Terra successor must avoid.
Insiders for the win.
Next up: bankruptcy reorg.
Trying to map Terra's increasingly terrible choices going forward