(03-27-2020, 07:38 AM)Byron LeftTown Wrote: Who would you rather play poker against - professional poker players or drunken sailors?
Right now you are playing against drunken sailors.  If you are smart there should be easy pickings.

I tend to worry about the stability of the whole market:  the dollar and the financial system itself.
When the system is stressed, first thing they do is change the rules.
The Federal Reserve just changed the rules - did anybody notice?

As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020.  This action eliminated reserve requirements for all depository institutions.
https://www.federalreserve.gov/monetaryp...rvereq.htm

The Federal Reserve with no reserves?  Maybe they should change the name.