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Technology Stocks : Discuss Year 2000 Issues
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To: NickSE who wrote (6324)7/6/1999 9:24:00 PM
From: NickSE  Read Replies (1) of 9818
 
Economists Expect Strong Growth For 1999 But Are Mixed On 2000
dowjones.wsj.com

....In front of the negative-growth camp is Edward Yardeni, chief economist for the U.S. operations of Deutsche Bank. Mr. Yardeni is well-known for his belief that the Y2K problem could wreak havoc on the nation's economy and possibly even prompt a world-wide recession. His forecast calls for the U.S. economy to contract at an annual rate of 7% in the first quarter of 2000. He worries that the just-in-time inventory system that is widely used around the world will experience major disruptions, especially in emerging countries. "Most economists believe [theY2K problem] will be a non-event because they think contingency planning will cushion the effect and that the problems will be rapidly accessed and fixed. I just don't buy into that," said Mr. Yardeni....
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