View Full Version : Fed Doomsday Stress Test!
article in business insider by Weisenthal ( apologize if link no worky)...... I personally think that this scenario they call unlikely is IN FACT what is actually EXACTLY going to happen! amazing, if i say so myself!
Typical Government....blind to what is really happening.
"Worst case" scenario has them pegging numbers at 13% unemployment, 50% drop in equity prices and a 21% drop in housing prices.
Well my AO has seen the housing prices drop..and unemployment numbers have been hovering at 9% for a while but true unemployment is closer to their magic number of 13%.
so is the government actually telling us this is the worst it could get?
Ironically, it seems the article says the key to not having this happen is "ensuring that banking organizations have the ability to lend and to continue to meet their financial obligations."
Really, banks are the key to preventing our economic collaspe?
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