Stress is bad for you
The FDIC calls this a stress test. Huh?
Seeking alpha suggests fair value in some parts involves a 36% decline from here. Given that downturns usually overshoot fair value, a reasonable stress test would involve at least a 40% fall, and probably 50%. The FDIC has bottled it.
Seeking alpha suggests fair value in some parts involves a 36% decline from here. Given that downturns usually overshoot fair value, a reasonable stress test would involve at least a 40% fall, and probably 50%. The FDIC has bottled it.Labels: MOAB
posted by David Murphy at 05:21
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