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Neverending Bank Losses, Volatile Stocks |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:59 PM EST February 15 2008
U.S. stocks traded in a tight range. UBS analyst revised his estimate from total loan losses to $350 billion from $150 billion on higher losses from assset backed securities, commercal mortgage securities, leveraged loans, and credit card loans. Import price index in January rose 1.7% sparking worries that inflation may be on the rise. General business condition index for New York region manufacturers declined as reported by the NY Fed, worst reading in three years. |
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