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