STRESS test not so solid

25 Jun 2020 15:49 - 25 Jun 2020 16:31 #1 by homeagain
www.reuters.com/article/us-usa-fed-stres...alysis-idUSKBN23W3AA

Banks stress test....lenders struggling to sail thru choppy seas,names NOT reported,but NOT looking good for what's coming at us. KUDLOW is
on crack...his financial findings say recovery on the horizon...last of Q3...YEP,take that tip to the bank,watch what happens.

19.5 MILLION people, unemployment benefits...NO V-shaped recovery,altho Kudlow continues to push
the myth.

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27 Jun 2020 10:29 #2 by FredHayek
Replied by FredHayek on topic STRESS test not so solid
Of course there are stresses in the banking system. 40 million people are out of work, companies are declaring bankruptcy every day. Some of these corporations were already sick and Covid only finished them off. The costs of doing business have increased with huge sanitation bubbles.

And now state economies are shutting back down. This will make things worse. The Dow took another hit this week.

Kudlow was wrong, or was he just trying to keep the mood optimistic? If you preach doom and gloom all the time, like our press does, people will stop spending. Businesses won't expand or open. Sometimes honesty isn't the best policy. Or sometimes people are just incorrect.

#35

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27 Jun 2020 13:49 #3 by homeagain
Replied by homeagain on topic STRESS test not so solid

FredHayek wrote: Of course there are stresses in the banking system. 40 million people are out of work, companies are declaring bankruptcy every day. Some of these corporations were already sick and Covid only finished them off. The costs of doing business have increased with huge sanitation bubbles.

And now state economies are shutting back down. This will make things worse. The Dow took another hit this week.

Kudlow was wrong, or was he just trying to keep the mood optimistic? If you preach doom and gloom all the time, like our press does, people will stop spending. Businesses won't expand or open. Sometimes honesty isn't the best policy. Or sometimes people are just incorrect.


HE AND THE KING are bullshitting their way thru this travesty...the LACK of skill set by the king, has this nation fubared.AND the pandemic just provided proof.

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28 Jun 2020 08:52 #4 by FredHayek
Replied by FredHayek on topic STRESS test not so solid
LOL, calm down. Your going to spike your blood pressure. Sometimes people get it wrong. The US had a great economy under the first three years of Trump and now that we have a global pandemic, of course the economy will take a hit. Do you honestly believe Hillary Clinton would have done better with the economy? Please note, nations all over the world have taken massive economic hits, both progressive and conservative countries.

#35

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28 Jun 2020 10:31 #5 by homeagain
Replied by homeagain on topic STRESS test not so solid

FredHayek wrote: LOL, calm down. Your going to spike your blood pressure. Sometimes people get it wrong. The US had a great economy under the first three years of Trump and now that we have a global pandemic, of course the economy will take a hit. Do you honestly believe Hillary Clinton would have done better with the economy? Please note, nations all over the world have taken massive economic hits, both progressive and conservative countries.



My blood pressure has ALWAYS been fine,in fact it runs alittle low....here is a MORE SUCCINCT synopsis
of where we are going,UNLESS the king can put aside his ego and work BIPARTISAN.....

www.theatlantic.com/ideas/archive/2020/0...t-depression/613360/

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