Y2K (Year 2000): Is Wall Street & Banking Vulnerable? Message Board

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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable?

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To: C.K. Houston who wrote (64)	7/17/1999 10:36:00 AM
From: C.K. Houston	Read Replies (1) of 158

JITTERS IN LATIN AMERICA - Financial Times ft.com '....The millennium (Y2K) bug poses additional dangers, with some analysts predicting investors will pull money out the region for fear of a New Year's Eve financial meltdown. "We fully expect a rush of private capital out of emerging markets sometime before the Y2K bug evolves into a problem," says Carl Weinberg, chief economist at High Frequency Economics. "If so, huge capital outflows from emerging markets before the end of this year will cause monetary implosion across the developed world and reverse all the incipient economic recoveries."

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