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Technology Stocks : Discuss Year 2000 Issues

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To: Lane3 who wrote (7555)8/1/1999 5:53:00 PM
From: Ken  Read Replies (2) of 9818
 
<Ken, thanks for your thoughtful>Hi,Karen, couple of questions for you.

and personal response. I, too, would miss my classical music
.....who are your favorite composers? conductors?

as well as plentiful hot water for long showers, libraries/data banks full of reading material, raspberries all year 'round... I really don't think we'll have to do without them (well, maybe the raspberries for the rest of the winter). If we do, I think you will find that you adapt.
....I can do without the raspberries, won't have to do w/o books, thanks to battery-powered lanterns, and...
at least there are now battery-powered cd players AND mini-speakers, so with enough batteries (I mean, like hundreds of dollars worth of batteries), we can still enjoy the symphony! But, not like with my ultra hi-end system, but at least we can still have MUSIC!

If things go badly, a little switch goes off in your head telling you that raspberries and minty-fresh breath no longer matter and bugs don't taste so bad.
......you eat bugs?...you cook them, what...Cajun or French style?

Since you asked so nicely :), here are the issues that have my attention.
- Nuclear accidents: fairly low probability; terrible consequences; way beyond my ability to deal with if it happens so why worry.

....I agree- I think gas masks for WMD, shelters is too far out of the question.

- Power, water, sewer: Low probability in my part of the world, limited duration, minor consequences. If I lived where things froze in the winter, I'd be less cavalier and doing more research. For me, this warrants hurricane/snowstorm type of preparation.
....if you have a very close-by large, clean source of water, you are /will be one of the few fortunate ones!

- Computer problems: High likelihood of something happening somewhere, low likelihood of it being massive, insoluble, or irreversible.

......what about banking cascading cross-faults? what about huge potential for re-corruption, due to the very hi % of espically small/mid companies that won't even come close?

- Supply chains: Likely, particularly beyond North America/Euroland either because the supply chains break or because of excess inventory stored to avoid the breaks. Little or no personal consequence, but expected portfolio consequence similar to the Asian-induced problem last fall.
....this is a major difference we have-due to backward, forward, and cross cascading problems I see occuring in every industry...

- Stock market: Medium to high probability, primarily due to financial prudence compounded by panic rather than organic problems. Consequence still being pondered.

....there are a lot of permutations with this one.
And, one of my senior concerns,one of which I study analysises and reports daily, being in the market so heavily.

- Dominos: I am a systems analyst by training and am much appreciative of the action of dominos, but I put this in with nuclear accidents, don't worry about it, and encourage others not to either (hint, hint), so as not to induce panic (see "stock market" above).
Unless I missed something,
....this perplexes me as you said you know about sytemic/domino effects??? Are you saying you just don't worry about it, or you don't see the potential/probability as I do, for a universally catestropic results from multi-diminsional domino effects?

I have excellent analysises/papers on Domino effects- would you like me to post any of them?

the rest of the issues are below my radar level.

As you can see, I think "the greatest thing we have to fear is fear itself."

...I fear the masses' fear when they all start fearing/panicing en masse!

Ken

Karen
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