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Originally Posted by Riot
I'm not talking about the stress tests.
Edit: and I'm waiting for the personal credit card crash yet to come, and a friend reminded me of the pending commercial real estate crash
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Commercial is so incredibly screwed...trust me on this. People that are going long on financials right now need to seriously have their heads examined.
On the subject of stress tests, they needed to be done with some REAL stress. Stress like 15% unemployment.
Do people ever wonder if the FED could pass a stress test with 15% unemployment?