Friday, January 1, 2021

Prancing Beau Vs The Stick (Happy New Year)



  1. Happy New Year(hopefully) to you and beautiful Beau. And the cat?

  2. Getting closer, 3 weeks away now, to JAN 25, that ISDA Reset day.
    Why important?
    It's this bunch (maybe they really do believe they are LOTR?):
    ISDA: Il Signore Degli Anelli (Italian: Lord of the Rings) ISDA: International Swap Dealers Association, Inc.

    An ISDA Master Agreement is the standard document regularly used to govern over-the-counter derivatives transactions. Over-the-counter (OTC) derivatives are traded between two parties, not through an exchange...

    Lynette Zang utube is covering this well, lives in Phoenix, a month ago said something went awry that recent date 6 weeks ago when they tried "resetting" $80+ trillion of this toxic waste, hence the fallback provision.
    Likely she'll have at least 1 more update before that date.