Mortgage credit losses could total $500 bln: Goldman (Reuters)

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Mortgage credit losses could total $500 bln: Goldman (Reuters)

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.

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