How will banks hold up against stress test that mimics 2008 financial crisis?
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2 ماه پیش
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Doctors use stress tests to
Doctors use stress tests to find out how well one’s heart works when pumping harder than normal. The Federal Reserve does the same for banks and this year’s health results will be released Wednesday, June 26, after markets close.
After the 2008 financial crisis, the Fed determined it was a good idea to test how banks would hold up in the face of a severe global recession. Now, the Fed runs these stress tests annually on the nation’s biggest banks.
In this year’s fictional scenario, the unemployment rate peaks at 10%, which is what it peaked at during the Great Recession. Housing prices fall 36% and commercial real estate prices tank 40%. The largest banks are also subject to hypothetical global market shocks. In all, the Fed stress-tested 32 banks this year.
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Straight Arrow News interviewed former Fed adviser and founder and CEO of QI Research, Danielle DiMartino Booth, ahead of the stress test results.
#QIResearch
#DanielleDiMartinoBooth
#ResearchRevolution
Subscribe to Youtube: danielledimartinoboothqi
Subscribe to QI Research: https://qiresearch.com/
Subscribe to The Daily Feather: https://dimartinobooth.substack.com
Follow Danielle via twitter: Twitter: DiMartinoBooth
After the 2008 financial crisis, the Fed determined it was a good idea to test how banks would hold up in the face of a severe global recession. Now, the Fed runs these stress tests annually on the nation’s biggest banks.
In this year’s fictional scenario, the unemployment rate peaks at 10%, which is what it peaked at during the Great Recession. Housing prices fall 36% and commercial real estate prices tank 40%. The largest banks are also subject to hypothetical global market shocks. In all, the Fed stress-tested 32 banks this year.
QR code for SAN app download
Straight Arrow News interviewed former Fed adviser and founder and CEO of QI Research, Danielle DiMartino Booth, ahead of the stress test results.
#QIResearch
#DanielleDiMartinoBooth
#ResearchRevolution
Subscribe to Youtube: danielledimartinoboothqi
Subscribe to QI Research: https://qiresearch.com/
Subscribe to The Daily Feather: https://dimartinobooth.substack.com
Follow Danielle via twitter: Twitter: DiMartinoBooth
2 ماه پیش
در تاریخ 1403/04/07 منتشر شده
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