The slump in global credit markets will force banks, brokerages and hedge funds to cut lending by $2 trillion, triggering the risk of a “substantial recession” in the U.S., according to Goldman Sachs. Losses related to record U.S. home foreclosures using a “back-of-the-envelope” calculation may be as high as $400 billion for financial companies, Jan Hatzius, chief economist at Goldman in New York wrote in a report. The effects may be amplified tenfold as companies that borrowed to finance their investments scale back lending, the report said.
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20071116/REG/71116005/
Subscribe to:
Post Comments (Atom)
Popular Posts
-
新加坡人口400万，亚洲人口4亿，全世界人口6亿。 但是，我一人可能就很有可能是世界最傻的了。我真是个不折不扣的大木头。真是受不了自己。
-
If you are working with PowerShell and need a fast way to list all files in a directory, including those buried in subfolders, this one-line...
-
I was at Bugis Junction today and saw 蘇打綠 (Soda Green) performing. They look so much different especially the lead singer. I find their song...
-
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.