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Technology Stocks : Discuss Year 2000 Issues
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To: bearcub who wrote (6202)6/29/1999 10:56:00 AM
From: Bill Ounce  Read Replies (2) of 9818
 
re: bluffing

Yes you are bluffing. You can not "prove" it -- that would out your 'unimpeachable electrical power generation sources'.

As for the future, no one knows for certain. Should be interesting.

I've visited places where there is not enough electrical power generation to meet load. The available power is time shared though the various load districts. Heaviest industrial loads must be disconnected for longer periods. This sort of situation is much more likely than a coast-to-coast blackout lasting for months. Chronic power shortages are not the end of the world, but they most certainly lead to economic disruption.

I think today's economy is somewhat like a fleet of fine-tuned sports cars. It will have to slow down if the road gets bumpy. Short-term electrical blackouts are one set of potholes. Government systems failures could lead to an unpaved gravel section. FAA ATS failures could be like filling up the potholes with mud. Private sector failures are 'bridge out' conditions. Too many private sector failures and you'll end up with a 1930's style depression.

But it's not doomsday. Heavily populated cities do survive though economic recessions even depressions. Standards of living take a tumble, but people generally do survive.
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