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- Credit Crisis: In the Eye of the Hurricane
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From Reuters: JPMorgan says no near end to financial crisis: report “We can only speculate how deep and how long the recession in the United States will really be and how that in turn will impact banks,” [JPMorgan Chase & Co CEO] James Dimon told “Welt am Sonntag”.”But we are not done with the crisis for a long time,” Dimon said … And from Goldman Sachs: Eye of the Storm (research report no link). Goldman argues there is a “gaping hole in the side of the U.S. economy” from falling house prices (significantly more price declines to come in their view) and too much supply. …
Original Source: feeds.feedburner.com/CalculatedRisk
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3 May, 2008| housingblogs |
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