Comments on: Under Stress

By: organization

organization — Tue, 06 Sep 2011 20:19:13 +0000

organization…

[...]Under Stress | afoe | A Fistful of Euros | European Opinion[...]…

By: Toko Susu

Toko Susu — Thu, 29 Jul 2010 07:49:01 +0000

I do have worries that the EU institutions and politicians see the euro as a european totem, and will paper over cracks in the short run and sacrifice economic logic. susu formula toko susu susu bayi

By: Deus Ex Macchiato » Balance sheet sensitivities

Deus Ex Macchiato » Balance sheet sensitivities — Tue, 27 Jul 2010 06:30:10 +0000

[...] test fudging, and I won’t bother to do that – the tests have been analysed enough elsewhere, and the markets have their own view. Instead I’ll make a broader point: wouldn’t it be [...]

By: Bart Goeman

Bart Goeman — Mon, 26 Jul 2010 16:18:09 +0000

i’m not an economist, but http://ftalphaville.ft.com/blog/2010/07/23/295781/the-stress-test-guide/
item 5 explains the stresses.

They talk about growth 3% lower than expected for two years; for spain this translates into -3.4% and -2.2%.
they also talk about “hits to the loan book”, i suppose that means defaults.

I read also everywhere that spain was more stringent in its tests than other countries (germany)

So i think default on spanish mortgages is taken into account.

but indeed, even if the banks remain solvent that does not solve spain’s competitiveness problem

By: FT Alphaville » Of butterflies and stress tests

FT Alphaville » Of butterflies and stress tests — Mon, 26 Jul 2010 16:17:57 +0000

[...] links: Under Stress – Edward Hugh / Fistful of Euros European Stress Test reax round-up – Long Room What [...]

By: Noli Irritare Leones » Blog Archive » Links on faith, the economy, mental illness, race, marriage, and octopus venom

Mon, 26 Jul 2010 15:21:33 +0000

[...] Edward Hugh at A Fistful of Euros on the European bank stress test results. [...]

By: rjw

rjw — Mon, 26 Jul 2010 12:21:03 +0000

In a short op-ed a while back the chicago economist John Cochrane argued that the Commission and the ECB should have let greece crash and burn, in the longer term interest of the euro.

The point being greece was too small to matter economically, that contagion fears were overdone, and that countries with structural problems have to bite the bullet and offering them more soft budget support doesn’t help in the long run.

Not saying I agree on all points with Cochrane, but I do have worries that the EU institutions and politicians see the euro as a european totem, and will paper over cracks in the short run and sacrifice economic logic for short term stability.

Is there an endgame here ?

By: rjw

rjw — Mon, 26 Jul 2010 12:10:06 +0000

my guess is we’ll bumble along ineffectively for five years, then have a crisis of some sort. maybe rather sooner. But then I’m a pessimist by nature.

By: Cody Clark

Cody Clark — Mon, 26 Jul 2010 02:04:27 +0000

If you are are dealing with stress then first learn not to take everything personally. Your behavior is the only thing that you can control.