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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (7109)	12/14/2000 11:26:25 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim & all, this article is a must read, it is something I have been talking about for months, now it is front page news, and this is one of the reasons rates will come down, to bail out the big banks, except this time it looks to be a worldwide problem...not good, Imo. "The Bank of England warned for the second time in six months that the rising debt of European and U.S. telephone companies increases the likelihood of instability in world equity and credit markets. The U.K. central bank said some of the biggest phone companies may find it difficult to refinance their loans, and some smaller ones may default. That puts lenders at risk, because they've loaned too a high proportion of their money to the industry, the bank said. ``This confirms the worst fears'' of investors, said Leen Van Der Meij, who helps manage 12 billion euros in equities at Artsen Pensioenfonds in the Netherlands. ``Debt is one of the most important concerns. Financing, expanding, and spinning off companies -- all of that has become a problem." Is a world-wide credit crunch a real possibility?...check the JPM news today.... quote.bloomberg.com