OK. It seems as if the objective of the so called stress tests being applied by the Treasury department to our failed banks doesn’t include a whole lot of stress. Paul Krugman both reports and laments here:Not much stress – Paul Krugman Blog So what’s the deal? Bernanke, in his testimony before Congress today, toed […]

Paul Krugman has a nice chart worth passing along. You can see it at his New York Times Blog here: Highly unlikely? The quick point to make is that house prices still appear to be at least 15% too high, and given the high levels of unsold inventory, the continued decline in prices will not […]