Chris Martenson
There’s a new Martenson Report ready for enrolled members.
This one concerns the results of bank stress tests due to be announced this week.
The Bank Stress Tests Have Already Failed
Here’s part of the conclusion:
A “stress test,” at least as far as I understand it from a scientific or engineering standpoint, is supposed to encompass a set of conditions beyond normal, or expected, values. The bank stress-test assumptions are already exceeded in each case by real-world conditions, and therefore will be neither illuminating nor predictive when they are released. Let’s all be thankful that the Federal Reserve and Treasury Department do not design bridges. If they did, they might “stress test” them by simulating an average load of traffic under average conditions and declare them perfectly safe.
I advise you to tune out what is certain to be an upbeat assessment of the condition of our banks, when the stress test results are finally released. My opinion is that the stress tests were specifically designed to be neither stressful nor revealing. Instead, they were designed to produce expected results for the purpose of instilling confidence in banks and in the crisis management team.
New Martenson Report Ready for Enrolled Members
There’s a new Martenson Report ready for enrolled members.
This one concerns the results of bank stress tests due to be announced this week.
The Bank Stress Tests Have Already Failed
Here’s part of the conclusion:
A “stress test,” at least as far as I understand it from a scientific or engineering standpoint, is supposed to encompass a set of conditions beyond normal, or expected, values. The bank stress-test assumptions are already exceeded in each case by real-world conditions, and therefore will be neither illuminating nor predictive when they are released. Let’s all be thankful that the Federal Reserve and Treasury Department do not design bridges. If they did, they might “stress test” them by simulating an average load of traffic under average conditions and declare them perfectly safe.
I advise you to tune out what is certain to be an upbeat assessment of the condition of our banks, when the stress test results are finally released. My opinion is that the stress tests were specifically designed to be neither stressful nor revealing. Instead, they were designed to produce expected results for the purpose of instilling confidence in banks and in the crisis management team.
The economic news these days can be readily parsed into two separate types: increasingly positive “survey” data and increasingly worse “real” data.
I recently wrote about the flaws in the survey reports, so I won’t spend more time here discussing why these reports are best taken with a very large grain of salt.
First, the survey data that was released today:
Spin Cycle Set to “High”
The economic news these days can be readily parsed into two separate types: increasingly positive “survey” data and increasingly worse “real” data.
I recently wrote about the flaws in the survey reports, so I won’t spend more time here discussing why these reports are best taken with a very large grain of salt.
First, the survey data that was released today:
New Martenson Report: Survey Says….
Below is a Martenson Report from February that I am now making freely available. I referenced it in today’s Financial Sense Newshour broadcast with Jim Puplava.
This report states my arguments for why our experiences with steadily rising asset prices, mainly for stocks and bonds and houses, over the 1980’s and 1990’s may have been as much a function of simple demographic pressures as anything else.
It’s worth pondering.
Where are we going, and what lies next? To address these questions, we need to know how we got here in the first place.
I want to share with you an interesting observation that I think will provide great clarity and insight into our current predicament, as well as indicate that our recovery, such as it is, will be protracted and incomplete.
The Great Baby Boomer Asset Bubble
Below is a Martenson Report from February that I am now making freely available. I referenced it in today’s Financial Sense Newshour broadcast with Jim Puplava.
This report states my arguments for why our experiences with steadily rising asset prices, mainly for stocks and bonds and houses, over the 1980’s and 1990’s may have been as much a function of simple demographic pressures as anything else.
It’s worth pondering.
Where are we going, and what lies next? To address these questions, we need to know how we got here in the first place.
I want to share with you an interesting observation that I think will provide great clarity and insight into our current predicament, as well as indicate that our recovery, such as it is, will be protracted and incomplete.
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