{"id":195462,"date":"2008-07-07T21:14:00","date_gmt":"2008-07-08T02:14:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/07\/banking-losses-to-hit-1-6-trillion\/"},"modified":"2008-07-07T21:14:00","modified_gmt":"2008-07-08T02:14:00","slug":"banking-losses-to-hit-1-6-trillion","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/07\/banking-losses-to-hit-1-6-trillion\/","title":{"rendered":"Banking Losses to Hit $1.6-Trillion"},"content":{"rendered":"<p>Paul Kedrosky finds an article in a Swiss paper on a study by the 2nd largest hedge fund in the world, Bridgewater, that <a href=\"http:\/\/paul.kedrosky.com\/archives\/2008\/07\/06\/banking_losses.html\">estimates the final hit on the credit crunch at $1.6 trillion<\/a>.<\/p>\n<p>Yes, that&#8217;s trillion with a T, and my guess is that the number is <span style=\"font-weight:bold;\">too low<\/span>.<\/p>\n<p>Why, because even the most bearish of bears, <a href=\"http:\/\/www.rgemonitor.com\/blog\/roubini\/\">Noriel Roubini<\/a>, has admitted that he underestimated the size of the bubble and the resulting size of the collapse.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul Kedrosky finds an article in a Swiss paper on a study by the 2nd largest hedge fund in the world, Bridgewater, that estimates the final hit on the credit crunch at $1.6 trillion. Yes, that&#8217;s trillion with a T, and my guess is that the number is too low. Why, because even the most &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004],"tags":[],"class_list":["post-195462","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195462"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195462"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}