{"id":192322,"date":"2009-04-14T17:33:00","date_gmt":"2009-04-14T22:33:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/14\/roubini-stress-test-too-lienient\/"},"modified":"2009-04-14T17:33:00","modified_gmt":"2009-04-14T22:33:00","slug":"roubini-stress-test-too-lienient","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/04\/14\/roubini-stress-test-too-lienient\/","title":{"rendered":"Roubini: Stress Test Too Lienient"},"content":{"rendered":"<p>And <a href=\"http:\/\/www.rgemonitor.com\/roubini-monitor\/256382\/stress_testing_the_stress_test_scenarios_actual_macro_data_are_already_worse_than_the_more_adverse_scenario_for_2009_in_the_stress_tests_so_the_stress_tests_fail_the_basic_criterion_of_reality_check_even_before_they_are_concluded\">100% correct<\/a>.  The numbers <span style=\"font-weight: bold;\">now<\/span> are <span style=\"font-weight: bold;\">already<\/span> worse than the &#8220;worst case&#8221; scenario that the Treasury is using.<\/p>\n<p>The Money quote is, &#8220;<span style=\"font-weight: bold;\">Conclusion: Actual macro data for 2009 are already worse than the more adverse scenario in the stress tests. These are not stress tests but rather fudge tests<\/span>.&#8221; (<span style=\"font-style: italic;\">emphasis original<\/span>)<\/p>\n<p>I agree.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>And 100% correct. The numbers now are already worse than the &#8220;worst case&#8221; scenario that the Treasury is using. The Money quote is, &#8220;Conclusion: Actual macro data for 2009 are already worse than the more adverse scenario in the stress tests. These are not stress tests but rather fudge tests.&#8221; (emphasis original) I agree.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1002,985],"tags":[],"class_list":["post-192322","post","type-post","status-publish","format-standard","hentry","category-finance","category-good-writing","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192322"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192322"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192322\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}