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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (71526)11/22/2007 2:23:22 AM
From: elmatador  Read Replies (3) | Respond to of 116555
 
Cost Of The Crunch? $2 Trillion, Says Goldman
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.

forbes.com



To: mishedlo who wrote (71526)11/22/2007 4:18:42 PM
From: Sea Otter  Respond to of 116555
 
This credit disaster is like fishing with dynamite.

Immediately after the explosion, the minnows rise to the surface. It takes longer for the carcasses of the bigger fishes to appear. Wonder what will surface over the next few months?


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