SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (71478)11/21/2007 10:57:53 AM
From: valueminded  Read Replies (3) of 116555
 
Mish/All:

Given that the US is a 13 trillion dollar economy, I am having trouble seeing how mortgage losses would sink the economy. It just seems that the losses pale in comparison to the US wealth (44 trillion) and economy size.

Something doesnt seem to add up. If the economy contracts by 7%, that represents about a trillion dollars, which seems to be far in excess of the writeoff numbers I have seen thus far. Thoughts ?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News