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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Ken98 who wrote (81448)12/29/1999 9:26:00 AM
From: flatsville   of 86076
 
Ken--Yourdon certainly knows IT metrics, but I don't buy his 10 year depression scenario. His skills as an economist are suspect.

Yes, it certainly will be a bigger deal than the public has been lead to believe. The large majority of Americans could well wake-up to plenty of hot water for their showers on the morning of 01/01/00 and this could still be a disaster. People seem to discount/ignore/forget? the fact that 25% of our GDP is based on foreign trade. (We're to believe that the New Global Economic pair-o-dimes that brought us to NAZ 4000 don't apply to the downside of the equation...or so I've heard.)

It won't be TEOTWAWKI...it may feel like it if you're in one of the many wholly unprepared and badly unremediated localities (think D.C., the most glaring example) or you find yourself suddenly and indefinitely unemployed within a few weeks/months due to systems problems.

Financial markets are a confidence game. I think "confidence" is about to take a big hit.
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