by Calculated Risk on 7/06/2008 08:16:00 PM

From SonntagZietung: Brisante Studie: Die Bankenkrise wird noch viel schlimmer (hat tip Dwight)

Paul Kedrosky at Infectious Greed has a translation:

The expected losses from the financial crisis will reach $1600 billion. To-date financial institutions have so far announced only $400 billion. The pessimistic forecast comes from a confidential study by Bridgewater Associates ...

It's hard to comment without seeing the study, but I'm sure this includes all losses including corporate debt, CRE and C&D debt, consumer debt, credit cards, etc. in addition to losses on mortgages.