Monday, July 7, 2008
$1.6 trillion is largest writedown loss estimate yet
This German-language article is based on the analysis by Bridgewater Associaes, a very well-resected hedge fund in the US. Translation is available at the blog Credit Writedowns (original article is in German) http://www.creditwritedowns.com/2008/07/16-trillion-new-esimate-on-writedowns.html Obviously Bridgewater thins systemic risks from this magnitude of expected losses is large. Yet another reason the markets have been falling.