Clicky

U.S. could face $2 trillion lending shock: Goldman – U.S. mortgage market crisis

Share |
information (meta) --»
Posted on: November 17th, 2007
Filed Under: Blogante Headlines, Hispanic News, OT (off-topic), Real Estate
need help? --»
View: Subjects | States | Metros :: Site Map
source, text, links --»

“The macroeconomic consequences could be quite dramatic,” Hatzius said in the note to clients. “If leveraged investors see $200 billion of the $400 billion aggregate credit loss, they might need to scale back their lending by $2 trillion.”

“This is a large shock,” he said, adding the number equates to 7 percent of total debt owed by U.S. non-financial sectors.

Hatzius said such a shock could produce a “substantial recession” if it occurred over one year, or a long period of sluggish growth if it occurred over two-to-four years.”*

related posts (sort of) --»
view/search these tags on --»

Knowledge is Power and this page is just the start. Hispanics/Latinos are a growing diverse force in this country. Check out some of the 54,866 items found on this site below or dig into the Site Map

Best of the Rest

Latest Essentials