Stress Tests Fabricated to Produce Bullish Surveys | WHAT REALLY HAPPENED


Stress Tests Fabricated to Produce Bullish Surveys

In my view the stress test survey is just a “show” for the investment markets and in the end really doesn’t mean very much because credit quality is still deteriorating. Bank balance sheets remain highly vulnerable to more losses later this year, including credit cards, commercial real estate, home equity loans, residential mortgages and commercial/industrial loans.

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