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Technology Stocks : 2000: Y2K Civilized Discussion

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To: B.K.Myers who wrote (437)	8/29/1999 11:55:00 AM
From: John Hunt	Read Replies (2) of 662

Y2K - The Immediate Problem << I'm going to let you in on a little secret. One that concerns the government almost as much as anything else having to do with the Year 2000 problem. This little secret has nothing to do with computers, has not been mentioned in any of the Y2K articles, yet is so critical to our economy, that it alone could drive the world into a depression. The secret? Holiday Retail Sales - those sales between November 27, and December 25, account for as much as 70% of total profits for a large percentage of US and world wide retailers and manufacturers. And should anything cause those sales to drop more than a few percentage points from last year's levels, you'll see a tidal wave of economic losses and bankruptcies spread throughout the world. Retailers know this. Manufacturers know this. And governments know this. And that's why most governments want to make sure that nothing scares consumers into cutting back on their holiday shopping. >> ... cont'd at ... bmyers.com Good article. ***** B.K. Is this you? ... just curious :-)) John

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