|Banks execs planning dividends will feel sharp pains following Fed stress testing.|
- Gross domestic product declining 4% vs. 1.5%.
- Unemployment reaching 13%, vs. 11%.
- Home prices falling 21% vs. 11%.
- Equity markets declining 52% vs. 27%.
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.
The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.