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Politics : Ask Michael Burke

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To: Thomas M. who wrote (72682)1/5/2000 9:48:00 AM
From: Thomas M.  Read Replies (1) of 132070
 
Ed Yardeni weighs in on Y2K:

yardeni.com

I am impressed and pleased by the smooth transition into 2000 so far. There have been no significant Y2K problems around the world, especially in the late starters. As a result, the risk of disruptions to global just-in-time supply chains, which has been my number one concern, is low now. Some systems might still experience malfunctions and failures in coming weeks. Nevertheless, I concede that I was wrong about a Y2K global downturn. I am changing the odds of a recession-vs-expansion from 70-30 to 30-70. The IT community deserves most of the credit for the uneventful century date change. John Koskinen, the US government's Y2K man, was especially effective in coordinating the Y2K remediation process both in the United States and around the world. Looking back, I don't regret my efforts to raise awareness. I believe that Y2K was a big problem. Hopefully, in the next few weeks we will find that it has been mostly fixed.

Ed Yardeni
January 4, 2000
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