"The $400bn of losses forecast is insignificant compared to items in the table, not least DB's calculation of $149.1trn for total world financial markets. However, the ongoing and more serious problem that has yet to be checked concerns confidence. The setback in stock market valuations since the sub-prime related problems broke is vastly greater than $400bn.
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"The $400bn of losses forecast is insignificant compared to items in the table, not least DB's calculation of $149.1trn for total world financial markets. However, the ongoing and more serious problem that has yet to be checked concerns confidence. The setback in stock market valuations since the sub-prime related problems broke is vastly greater than $400bn.