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Blue_true

(31,261 posts)
9. The information on Ronin Capital is exactly what I feared.
Fri Mar 20, 2020, 09:39 PM
Mar 2020

Even if the FED patches this one up, there will be others. A Market Maker running out of funds as buy/sell orders go out of whack on the sell side. That Market Maker will immediately suck down other companies and a contagion of finance company failures will ignite. This could make the Bear Stearns and Lehman Brothers failures look paltry.

I don't want to sound like an ass, but you and other people that are now getting hammered were warned in the Summer to get to the sidelines in cash or safe cash equivalents. Donald Trump is an unstable, erratic person, a crisis was bound to happen that would highlight how totally inadequate a leader he is. I just don't feel that he is remotely capable of measuring up to the chaos that is to come. You trusted that Trump wouldn't screw things up too much, there were others last Summer and Fall who didn't agree and got to the sidelines in cash, now those people's biggest concerns is what money instruments to put or keep their money in while the disaster of this administration plays out, they aren't concerned about whether their nose will get back to the surface before they need their retirement money. One thing that I have learned from business is that if I have a concern that keeps bothering me, I had better slow down and investigate all aspects of that concern, from his first day, I didn't trust Donald Trump to properly face down a real crisis when one happened, we are there now, it is too late to go back to a safer time.

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