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Strategies & Market Trends : Asia Forum

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To: jbe who wrote (8821)	7/12/1999 6:57:00 PM
From: Bill Ounce	Read Replies (2) of 9980

re: Asia and Y2K It's tough to answer this. Each country is different. The region appears to be recovering from a recent nasty economic melt-down, so people expectations may be already adjusted for any Y2K messes that come down the pipe. Many regions are an eclectic mix of first and third world technologies, so Y2K failures should be less invasive than in first world countries. Japan's is first world, and it's could be plateauing after a decade long death spiral. A Y2K melt-down could be viewed as SSDD after all the other stuff that has happened the past couple years :-) What does it really mean if already insolvent banks Y2K corrupt their databases? Indonesia is already an economic basket case. I'm amazed that the country has held together through a near total economic melt-down. Cities have already been burned in riots. How's Y2K going to make things here any worse? Don't see TEOTWAWKI happening in Asia. Perhaps another "Asian Crisis" which causes market corrections across the world leading to another global recession. But that should surprise no one after the events of the past year. Everyone please feel free to correct any errors in my highly biased opinions. Perhaps this will encourage others to give feedback to this question.

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