I know, it is easy for an outsider like me to make predictions about the total credit losses due to the current crisis. But still, I cannot resist.
Figures in the range of $100bn to $500bn seem to be some kind of consensus in the market. If I have to make a guess, it is of course just a guess, it would be 4-5 times that! I think we will see losses at least in the range of $1000-1500 at the end of 2009 if all credits are included. if anyone is interested........
