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Not much stress
OK, so we now know the "adverse case" that will be used for the bank stress tests. Testing to destruction it isn't. In the adverse case - which is, remember, supposed to be a worst-case scenario - the average unemployment rate next year is 10.3 percent. That's worse than most forecasts, but it's ...
Stress test this
krugman.blogs.nytimes.com — An important article by Gillian Tett about actual recovery rates on AAA-rated CDOs. (They're worse than even... the pessimists thought.) Why is this important? A recurring theme of those who believe that the financial system can be rescued with fancy ... (more) Stress test this
Bank Stress Test Details Unveiled
Bank Stress Test Details Unveiled
online.wsj.com — U.S. officials presented details of their plan to aid banks including "stress tests" aimed at measuring how... the banks would hold up. (more) Bank Stress Test Details Unveiled
Poll shows rising public stress about economy
msnbc.msn.com — Fears are mounting about losing a job, not having enough money to pay the bills and evaporating... retirement accounts, according to an poll released Wednesday. (more) Poll shows rising public stress about economy
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Stress tests distress press
Corrente — Well, the real press, anyhow. Not CNBC. Anyhow, the stress tests are bogus. Who knew?! Well, maybe "bogus" isn't fair. Read more…

Please don't spoil my day, I'm miles away
The Sideshow — ... Apparently, we're meant to believe that a worst case scenario for the banks will be that house prices will continue to be significantly overvalued. (Also: As Ali G often says: " ...

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