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

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Mortgage credit losses could total $500 bln: Goldman
      

NEW YORK (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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