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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote ()	1/4/2000 5:22:00 PM
From: Ian@SI	Read Replies (1) of 15132

If this buffoon had a shred of decency, he'd resign and forever hang his head in shame. JMHO, ;^) Ian. ++++++++++++ January 4, 2000 Yardeni Appears Ready to Drop Prediction of Y2K-Related Slump By JOSEPH REBELLO Dow Jones Newswires WASHINGTON -- Edward Yardeni, one of the most widely followed Y2K bears, said Monday he is preparing to admit his forecast of a year-2000 recession was wrong. In a conference call with clients, Mr. Yardeni, the chief economist of Deutsche Bank Securities Corp. in New York, said he will make a revised forecast this week that either rejects or downplays the possibility of a recession. "We're now in a Y2K-Is-OK world, which is where I may be in a couple of days," Mr. Yardeni said. He said "if things are still this quiet, I'll simply say I was wrong about Y2K causing a recession." In a posting on his Web site (www.yardeni.com), Mr. Yardeni said: "If no significant problems occur by the end of January, then I will concede I was wrong about a Y2K global downturn and change the odds of a recession-vs-expansion from 70-30 to 30-70." ... Whole story for subscribers at: interactive.wsj.com

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