>>19050965
>There is a banks stress test on the 28th
hmmm…interesting…I'll bet the regional banks do fine :-)
anon…question for you. The default of a million PPP loans + the incredible spending in Ukraine + (everything else)ANDthe fact that the stock market is going UP not down =
"face melting inflation"…is this correct?
Are the defaults devaluing the US dollar (like crazy) but someone is propping up the stock market so the normies do not go insane?
And how long can this last?
"The Federal Reserve's stress test assesses whether banks are sufficiently capitalized to absorb losses during stressful conditions while meeting obligations to creditors and counterparties and continuing to be able to lend to households and businesses.1 The Federal Reserve Board uses the stress test to set the stress capital buffer (SCB) requirement, which integrates the stress test with the non-stress capital requirements into one forward-looking and risk-sensitive framework.2
The Federal Reserve conducts the stress test annually, using a minimum of two different scenarios to test a bank's capital adequacy during times of stress, and publicly discloses bank-level results. Banks must also conduct and publicly disclose the results of their company-run stress tests based on their risk profiles, as defined by the Board's stress testing rules.3
Capital stress tests, which played a role in bolstering confidence in the capital positions of U.S. banks during the 2007-09 financial crisis, have become a critical supervisory tool."
https://www.federalreserve.gov/supervisionreg/stress-tests-capital-planning.htm