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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (9436)10/23/1999 5:50:00 PM
From: Investor2  Read Replies (1) of 15132
 
Ready for some cheery speculation on Y2K?

worldnetdaily.com

"PANIC IN THE YEAR ZERO
Social Security, banking
systems not Y2K ready"

and

"Social Security checks are scheduled to be delivered to local post offices on Dec. 29, 1999, to avoid potential delivery problems after Jan. 1, 2000. Many payments are to be made by electronic deposit and will be transmitted to banks directly before the new year begins. That may serve as a good contingency method of delivery for the January payment, but the same solution will not work for February and beyond if there are Y2K problems at that time."

and

" Mauldin is expecting layoffs sufficient to bring unemployment figures over 20 percent, and a resulting drop in the stock market of 50 percent or more."

Best wishes,

I2
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