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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: elmatador who wrote (71528)	11/22/2007 9:11:07 AM
From: sea_biscuit	Read Replies (1) of 116555

The firm's economic team put a $2 trillion price tag on the ultimate economic cost of the credit crunch, including $400 billion in losses directly tied to mortgages--well north of recent estimates by economists, including those at the Federal Reserve. Sounds almost like the Iraq blunder. It was expected to cost less than 100 billion. Now the estimates are for 1 to 2 trillion dollars...

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