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To: BigBull who wrote (78578)11/10/2000 9:09:27 PM
From: BigBull  Read Replies (2) | Respond to of 95453
 
OT Banc One CEO talking turkey:

biz.yahoo.com

``The biggest (concern) right now is credit,'' he said, speaking at the Security Industry Association's annual meeting in Florida. ``Credit losses have been going up...fairly consistently.''

More companies are defaulting on their high-yield debt, he said. While default levels aren't as high as they were in 1990, during the last recession, Dimon noted how different the economic environment is in 2000.

``The difference here is we're in a great market, and (high-yield default levels are) starting to go up,'' said Dimon, the former president of
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Another brick in the wall.