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Loan Modification

: Mortgage Lender Implode-o-Meter

Optimistic Unemployment and Housing Forecasts Looking Downright Silly

By Implode-Explode Heavy Industries

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Economics may be the "dismal science" but economists as a group sure seem to be an optimistic lot. Yes, there are a handful of "doomers" like Nouriel Roubini but most economists did not see the recession coming until it was already 10 months old.

Let's take a look at all the Fed's adverse assumptions for the recently conducted "stress-free test" as laid out in the Fed's Stress Test White Paper.

Full post as published by Mortgage Lender Implode-o-Meter on June 07, 2009 (boomark / email).

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