CBS, Irwin Keller,
A few days ago I sent an e-mail to mr. Irwin Keller from CBS- market watch. Today I received this response.
See my next column.
ILK.
>>> Paul van Wijk <pvanwijk@wxs.nl> 05/18/98 07:32pm >>> Mr. Kellner,
With all my respect I cannot believe a well-respected person like you is totally denying. There is such an overwhelming amount of evidence available, only by following the main-stream press-releases at Reuters I almost believe you know more than you are saying. If not, ING BARINGS, friday released a report of the impact of Y2k-fallout on the stock-market. Almost every BLUE-chip companie, like Royal Dutch, Philips, Unilever, Heineken, AKZO etc. are not in control and beyond schedule.
Holland is one of the front-runners world-wide. The scenario they presented was ABOVE AVERAGE OPTIMISTIC.
Allthough the index dropped 1,5% today, while the less-risked sector stocks like It-companies rose over 7% on the news. People have became so greedy.
The report is really shocking for anyone who is capable of absorbing the news. Increasing interest-rates, increasing unemployment, increasing inflation.
I still doubt if you are unaware, but if you are I would suggest you do your home work on the ING-BARINGS report. There are only a few people at the exit.
The rest is still fooling by denying. The problem is for real and is way beyond the so called Cobol-bugs. Ever heard of embedded-systems. These tiny little timebombs in every chemical, nuclear-plant, in satelites, the energy-supply. Our country is not in control, your control is not in control, UK is not in control is the rest of the world, I won't even think about it.
Read the press-releases about the Y2k at G8.
I don't want to convince you. But I hope you can understand that it is hard to believe that a well-respected man like you seems to be totally unaware of the biggest timebomb under the stock-market ever in the history of mankind.
I'll hope what you are doing.
With regards,
Paul |