White rabbits.

Elsewhere on Wednesday . . . 

— RIP Tom Verlaine. Right here’s Patti Smith’s obituary and homage to the Tv frontman (New Yorker)

— CoinDesk is doing “Coverage Week”. Right here’s Marc Hochstein arguing that crypto wants its personal Glass-Steagall. (CoinDesk)

— Again within the day, star funding bankers might and sometimes did strike off on their very own, beginning corporations like Moelis, Evercore, Perella Weinberg, Robey Warshaw, Centerview and PJT. However offers have develop into extra boring and commoditised, and says Liz Hoffman. (Semafor)

— NY Fed’s John Williams says inflationary pressures are principally moderating (NYFRB)

— Blue Dances With Wolves Half Deux has made a reasonably outstanding $2bn on the field workplace, however had the cultural affect of a Huge Brother contestant. Why? (Vox)

— One other win for the James Webb House Telescope. Astronomers suppose they’ve noticed the galaxy’s very first stars. (Quanta) Their pre-review paper is right here. (ArXiv)

— In probably the most Alex Scaggs article ever conceived, Harper’s Bazaar explores how Diana, Princess of Wales got here to personal a Philadelphia Eagles varsity jacket. (Harper’s Bazaar).

— “When the histories of this period are written, my guess is that the phenomena of meme shares and crypto will wind up being the celebs of the present and will effectively wind up changing Dutch Tulips as historical past’s best examples of speculative madness.” GMO’s Ben Inker is comfortable (ish) once more. (GMO)

— Worry and loathing among the many union busters. (The Lever)

— Sexy rhinos can’t hump due to Brexit (The Instances)

— From just a few weeks in the past, however this substack put up by CRE specialist on the College of California’s BREIT funding was attention-grabbing and remains to be value a gander. (Warden Capital)