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To: BigBull who wrote (68243)2/16/2001 9:04:42 AM
From: pater tenebrarum  Read Replies (5) | Respond to of 436258
 
i agree...a credit crunch is on the way. Lucent needs to raise 6,5 BILLION dollars within a week's time and CAN'T do it....

the telcos are groaning under an unprecedented debt load...

and btw, today's PPI numbers practically guarantee that DEFLATIONARY pressures in the economy at large are set to intensify...as higher raw materials input costs pressure margins as well as end demand....plus, the Fed has now less leeway regarding interest rates....