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Gold/Mining/Energy : Gold Price Monitor
GDXJ 136.34-0.4%4:00 PM EST

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To: John Hunt who wrote (24114)12/11/1998 6:11:00 AM
From: John Hunt  Read Replies (2) of 116973
 
Y2K bug is indeed a Y99 management problem

gold-eagle.com

<< There are a number of alarmists, I will call them "Pessimists", predicting doom and gloom scenario due to the Y2K computer glitch. There is a talk of bank runs, widespread power failures, water supply disruptions, telecommunication faults, airplanes falling from the sky, computer screens going blank at nuclear sites, recession, depression and worse. Doomsday prophets suggest that it is going to be the End of the World as we know it….

There being an equal number of Moderates, I will choose to label them as "Optimists", who say that the predictions of the alarmists are exaggerated. They say that a talk of bank run is nothing but a self-fulfilling prophecy. They claim that airplanes would not fly off the sky. According to them there would be power disruptions and water supply failures but only for a few days and certainly not widespread. They advocate that it would be sufficient to stock extra food and drinking water to last out for a few days. They suggest that some extra cash (maybe two week's salary), fuel, medical supplies and a small generator are more or less enough to tide the crisis.

I haven't yet read a report that says "there will be no disruptions".

-- cont'd -- >>



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