We be too worn from corona panic.
And their will not be the overnight shock, we are not on the gold standard so we cannot suddenly reprice gold. The slight difficulty of a New Fed contract is enough to allow us our usual hedges, we will not freak. I do not see a problem, the New Fed issue was well acknowledged since 2010.
The real fear is senatorial anxiety, many of these senators quite clueless. We have to reach out to the governors, explain ti congestion problem and how to solve it.
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