Sometimes A Picture Is Worth A Thousand Words…………

Posted By on September 1, 2009

  Sheila Bair  was very candid about commercial defaults being more of a driver of lots of bank failures this Fall. This is precisely the type of issue we’ve been concerned of. The references some are making about the ‘stress tests’ being feather tests of banks, is something we’ve argued all along; based on ridiculous underlying assumptions. As to the economy and market, it simply means a dampening of growth prospects; such that valuations are a directly-tied inhibitor of equity price gains, even if we stay stable.   

 From www.ingerletter.com

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