Even Moody's Thinks Fed's "Adverse Case" Is A Joke

By Tyler Durden
12 May 2009 @ 12:17 pm EDT

When even Moody's chimes in and notes that the Fed's "Adverse Case" assumptions are in line with their "Base Case" assumptions, one can't help but wonder in what parallel universe the Federal Reserve is expecting to see its optimistic outcome realized, especially since many of its macro worst case parameters have already been trampled by real economic data.

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