Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (37877)	11/15/2000 6:40:32 PM
From: Lucretius	Respond to of 436258

yep...

To: pater tenebrarum who wrote (37877)	11/15/2000 7:13:58 PM
From: BigBull	Read Replies (1) \| Respond to of 436258

Heinz, re bank warnings; does this count: thestreet.com These are the worrisome events that caused Merrill Lynch bank analyst Judah Kraushaar today to write in a report, "Credit trends are clearly deteriorating in the banking/financial services industry in general. Non-performing assets on the commercial side bottomed about a year ago. We have now had a full year of accelerating non-performing asset growth and our sense from the banks is that this growth is continuing to accelerate. We are also seeing very wide credit spreads on non-investment grade bond issues, which we view as worrisome. Credit spreads today are as wide as they were in the fall of 1998, and we think that is very deflationary." Probably not but getting very close to the exposure of a whole lot of bad credits. What the author doesn't really come out and say is that increasing reserves for bad debt nearly always leads to a credit crunch/recession of the good old fashioned variety. If the fed is on hold, and oil prices rise this winter imo a recession is a given. The only question in my mind now is - How bad?