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Technology Stocks : Discuss Year 2000 Issues

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To: Lane3 who wrote (7179)7/25/1999 5:36:00 PM
From: John Hunt  Read Replies (1) of 9818
 
<< If every one of us takes the prudent and oft recommended steps of taking a few weeks or months worth of money out of the bank, topping off all our cars, etc., we can bring the system down even if not a single computer ends up failing. >>

Hi Karen,

Au contraire,

In this world of JIT inventory and manufacturing to order, I think you can make the opposite case, at least until shortages develop.

Anyone buying now and setting aside cash, or encouraging others to do so during 'normal times', will mean less people making demands on the system when and if a crunch comes. I would not argue that it would be irresponsible to do so at that time.

Buying extra supplies, at a time of plenty, is not hoarding, although governments and politicians will try to say so, to deflect the blame away from themselves. Indeed, if governments had encouraged people to prepare early, starting say at the beginning of this year, shortages at Y2K could not develop.

At least that's my humble opinion ... I am willing to change my mind, if you can convince me otherwise.

:-))

John
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