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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (40235)6/16/2000 1:35:00 PM
From: Thomas M.  Respond to of 42523
 
interactive.wsj.com

"A startling 11% of junk bonds, which are issued by speculative-grade companies, are trading at 50% of face value or lower, compared with 2.2% in December 1997 and 7.7% in December 1999, according to Chase Securities Inc."



To: LLCF who wrote (40235)6/16/2000 1:40:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 42523
 
i am aware of this...junk bond defaults are almost at a record high. imagine if we get a recession...there will be a big debt wipe-out.


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