Are We Looking At The Quiet Before The Storm For Banks?

The economy is slowing, the yield curve is compressing, and there’s suddenly a massive crisis brewing with regard to foreclosures.

But… according to the Kansas City Financial Stress Index — which is a composite measure of various indicators that would affect the health of banks — everything’s just dandy, with September improving over August.

The calm before the storm? Chris Whalen would think so.

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