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By the end of another year, we aim to have done the same, during what will presumably be a more volatile period in the rates space, with Warsh and POTUS adding further uncertainty. We also vow to go “where no plumber has gone before” and map out China’s obscure onshore and offshore plumbing.

To conclude this year, we were hoping to end on time with a full Pro edition on Warsh, but due to circumstances outside of work, we’ve been delayed slightly. Hopefully, our more frequent notes will suffice until completion.

To another year, and hope to see you in NYC/London.

Thanks for your readership.

Conks