euro bear vanish end stress goldman bull

"The populist view is that the government has essentially saved the banking industry, saved Wall Street, but at what cost," Bury said.

If they're going to come back with more stimulus it's got to be targeted more towards Main Street.

Geithner said low interest rates show markets want the U.S. to focus on growth instead of agonizing over short-term spending.

See it as the equivalent of moving the long-term unemployed off disability payments and on to a jobseeker's allowance: it's a message to the banks that they have to start to prepare for life back in the real world, where all but their short-term unexpected liquidity needs must come from depositors, wholesale creditors and investors.

Not a short sharp financial crisis in this case (although that can't be ruled out as a possibility), but a squeeze on the funding available to banks that - barring a miracle - will also squeeze the volume of credit they're able to make available to households and businesses, or to all of us.

Many bloggeres have said many times:-
The light at the end of the tunnel is definately a train!

We have to accept that all the solutions presented over the last two years from fiscal stimuli to the pathetic and inadequate changes to bank regulation have been wholly inadequate. The perception has been that this was just a recession, like all the others we have had over the past few decades.

Wealthy individuals and many large financial institutions from the insurance and pension funds, along with mutual funds have allowed themselves to be seduced by this world; in so doing they put at risk the hard earned savings and investments of average individuals who trust that their funds will be responsibly managed: poor fools.

Alcoholics don't drop dead when they stop drinking. Propping up the failed euro economies is like trying to fill the swimming pool by taking water out of the deep end and tipping it into the shallow end. Unfortunately some one has taken the plug out of the pool.

The question is where is the intelligence to shine the light out of this now global mess without a competent global central bank ... and inter-related global policy plan.

It's now the same as it was a year ago. It often drops for a month, in recent history. It's quite volatile, as it also often rises for a month! If you are certain, then short it and make a few million!

Stress tests: Not many dead.