For those who are interested with the banking stress test result, WSJ got a nifty interactive chart
The purpose of stress test is to test and forecast that if worse case scenarios do occur, how much capital lifeline will the banks needed in order operate at a regulatory requirement level.
Meanwhile, Taleb and Roubini tagged up again saying we are in the most difficult period of humanity because governments no long have the control they once did
Both are entertaining stories that one must read with a grain of salt.
Happy weekend! comparing all the key metrics between the different financial institutions.
2009/05/02
Biggest Event This Weekend for the Market
Berkshire Hathaway held its annual meeting this weekend in Omaha, NB. Qwest Center arena, the location of the event, was jam packed with 35,000 anxious investors, which I believe is a new record attendance.
CNBC as usual for the last couple years, has a complete coverage about the event you can access here.
Also, Everythingwarrenbuffett, another blogspot site that is dedicated to news on Mr.Buffett, has a nice summary of the event which I will burrow from, and you can access it here.
In addition, I finally get a chance to watch the I.O.U.S.A movie this weekend, and it is an excellent piece of documentary that I recommend everyone to watch it. It is just a little bit over one hour, and you will have a better understanding about the seriousness of all these multi-trillion and billion of leverage could do to our future generations.
We are in a globalized world, and everyone will have to face the problem together. The system is so interconnected that we can no longer categorize serious issues as someone else's problems.
CNBC as usual for the last couple years, has a complete coverage about the event you can access here.
Also, Everythingwarrenbuffett, another blogspot site that is dedicated to news on Mr.Buffett, has a nice summary of the event which I will burrow from, and you can access it here.
In addition, I finally get a chance to watch the I.O.U.S.A movie this weekend, and it is an excellent piece of documentary that I recommend everyone to watch it. It is just a little bit over one hour, and you will have a better understanding about the seriousness of all these multi-trillion and billion of leverage could do to our future generations.
We are in a globalized world, and everyone will have to face the problem together. The system is so interconnected that we can no longer categorize serious issues as someone else's problems.
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