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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (103509)2/5/2008 9:09:59 PM
From: SouthFloridaGuyRead Replies (4) of 306849
 
Anybody care to guess the losses? Home Equity + Stock wealth loss alone have got to equal at least $10 trillion when all is said and done.

Given the way various forms of corporate debt are trading, I'd say Roubini is being conservative on CDS losses...pencil in $1 trillion there...Lev Loans, CRE, and all that good stuff will probably mean somewhere on the order of $1 trillion in writedowns on BANK balance sheets. Take the multiplier affect and all of a sudden we see a gapping whole in the economy in the multi-trillions of dollars over the next few years.

...Will give financial advice for food.
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