Swine Flu Kills Risk Appetite
While last week’s assault on optimism was repelled, we don?t expect the same resiliency this week. On Friday, the Fed introduced its oddly uncontroversial stress test methodology called, ?Supervisory Capital Assessment Program?, and stated that most U.S. banks currently are well capitalized. The paper contained two scenarios; a base line and more severe economic downturn. The baseline scenario…