Bear Stearns
May 10, 2008
Mortgage credit losses may total $500 billion
“This is one reason why we expect a renewed slowdown in economic activity after the stimulus-fuelled bounce this year”
NEW YORK: Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary ... via Gulf Daily News
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