According to Wall Street Journal, Goldman analyst expects 1st quarter write-downs of investment banks in their exposure to commercial real estate would reach $7.2 billion. They hold a total of $141 billion at the end of last year. The write-downs will be much bigger if incoming data confirms a deep recession.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

spread is rising sharply…