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Tag Archives: Stress Test
Four interviews
Obama scorecard President Obama means well and is doing a great job in many areas. However, I fear that we are perpetuating the same policies of the previous administration when it comes to the financial sector. It is simply not … Continue reading
Posted in Finance
Tagged Add new tag, Campbell Harvey, Financial Crisis, Stress Test
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Green Shoots and Agent Orange
At best, we have seen a pause in the economic decline. It is too early to call a trough. Surging unemployment will act like Agent Orange on those “green shoots”. While we have every reason to be worried about a … Continue reading
Hemorrhaging Jobs
The losses are staggering. If the pace of January and February continued through the year, we would lose 8.4 million jobs in 2009. That is unlikely, but it will be ugly. Consider the following facts. The percentage job losses have … Continue reading
Posted in Finance
Tagged Add new tag, Campbell Harvey, Financial Crisis, Stress Test, Unemployment
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That’s Not a Stress Test
We finally got the information on the stress tests. The government will consider two scenarios: baseline and worst case. The goal of the stress test is to see if banks have the capital to weather a darker storm. However, and … Continue reading