Mortgage Credit Losses Could Total $500 Bln: Goldman

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Mortgage Credit Losses Could Total $500 Bln: Goldman
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NEW YORK ( Reuters ) - 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 policy tightening in 2008 or 2009

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Mortgage Credit Losses Could Total $500 Bln: Goldman

Source: NY Times
URL: http://www.nytimes.com/reuters/business/business-usa-~

NEW YORK ( Reuters ) - 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 policy tightening in 2008 or 2009, according to a research note from the firm. Despite a setback in recent days, many financial market indicators have recovered substantially since the Bear Stearns/JPMorgan Chase & Co deal in mid-March, Goldman Sachs chief U.S. economist Jan Hatzius said

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