Given the volatility of the market over the last 2-3 days, I am deciding to sit on the sidelines and watch what unfolds before deciding what to do with my money. Breaking away from technically analysing stocks/markets, I thought it will be a refreshing and useful addon to share a bank stress test calculator prepared by Reuters. Full Link Here.
By sliding those bars, you can see how much debt haircut the Euro zone PIIGS have to do in order help to avert a national/regional disaster. Plenty of food for thought and realising the implications of this debt crisis. One hole is leaking while we fix the other…