Stress testing to suit the masses, bad loans and a blind ECB eye on dis-inflation It was evident in the new psycho thriller movie I saw last night, Gone Girl...

Stress testing to suit the masses, bad loans and a blind ECB eye on dis-inflation It was evident in the new psycho thriller movie I saw last night, Gone Girl and the European Central Banks (ECB) stress test of banks (an equally disturbing psychological thriller with less attractive actors) that came out over the weekend, that the way the media presents a muddle of shock headlines shapes the public in a state of confusion that in the end leads to a distortion of reality, or blissful ignorance. Here is a screenshot of the news headlines from today to see if you can work it out. Are the banks in Europe healthy? You be the judge. A takeaway which I discovered after reading some commentary is on page 67 of the release, where non performing exposure (NPE) - meaning bad loans held by European banks - is now at 879.1 billion Euro - which is 9% of GDP. Thankfully I'm no finance minister but that number sounds rather high. Read more... (VIEW LINK)