Article

2013-11-04 Economy

Fed Reserve Gives Banks New Dire Scenarios for 2014 Stress Tests

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Posted by Pappy 2013-11-04 00:00|| || Front Page|| [2 views ] Top

#1 In the Feds severely adverse scenario, the jobless rate peaks at 11.25 percent, stocks fall almost 50 percent and U.S. housing prices slide 25 percent, while the euro area sinks into recession. Developing economies in Asia also experience a sharp slowdown, the Fed said.

Encouraging to see at least someone planning for the eventual fall of Obamacare, or more appropriately, the economy tasked with supporting it.

Posted by Besoeker 2013-11-04 00:32|| 2013-11-04 00:32|| Front Page Top

#2 Making sure (Or trying to) Republicans get the blame.

Posted by Redneck Jim 2013-11-04 00:44|| 2013-11-04 00:44|| Front Page Top

#3 Maybe the Fed is realizing how much trouble it is in, and it is doing the old Brenda Lee song so as not to appear as a bunch of total fools:

And break it... to me gently
Give me time... oh give me a little time to ease the pain

Posted by Alaska Paul 2013-11-04 00:53|| 2013-11-04 00:53|| Front Page Top

#4 Morgan Stanley CEO James Gorman, 55, said yesterday he doesnt see evidence of market bubbles developing and that investors should celebrate when the Fed begins to taper its support program because it will signal the economy is healthy.

We've been waiting for that for five years now, Jimbo, ya got any idea when that might happen?

Posted by Bobby 2013-11-04 10:26|| 2013-11-04 10:26|| Front Page Top

#5 Without federal funny money stocks are twice as affordable and land costs 50% less to own.

It would also reveal that taxation of incomes is causing a vast amount of unemployment.

Posted by Bright Pebbles 2013-11-04 15:00|| 2013-11-04 15:00|| Front Page Top

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