Tomorrow, government officials will reveal the results of so-called "stress tests" conducted on the nation's largest banks. The tests analyzed the banks’ finances to see how they would hold up in a deep recession. In anticipation of the results, we invited two of our listeners to come on the show to undergo their very own financial stress tests with Gary Belsky, author of
Why Smart People Make Big Money Mistakes and How to Correct Them. He’ll make some recommendations on the best ways to make sure they keep their heads above water, no matter what happens with the economy.
"You don't want to carry credit card balances, but it's awfully good to have credit cards around in case you do get into trouble."
—Author Gary Belsky on tips for economic stress
Comments [4]
Stress can make someboday crazy!
we should relax ourselves in time with friends
keep oneself relaxed
I'm pretty stressed. I think I need a small infusion of capital, only around $2B. Can you please send me a link for the application form?
Some other areas for stress tests:
(1.) Post-marital sex
(2.) The stress of testing on elementary and middle-school students
(3.) Post 9/11 stress
(4.) The use of music to relieve stress
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