SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Discuss Year 2000 Issues
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Investor-ex! who wrote (3123)1/1/1999 9:57:00 PM
From: Hawkmoon  Read Replies (1) of 9818
 
Invest-ex,

What is really an interesting variable to throw into the equation is exactly how much municipalities and local governments will keep on hand (as well as private corporations) in order to ensure there is sufficient payroll available.

The Washington Post (in another of their "don't worry, we've got it covered" articles), reported that Montgomery County, MD (just NW of the DC beltway) is making arrangements with a local bank to have $14 million, or one week's payroll, available in cash.

But what they missed in the analysis is how, on top of individual hoarding of cash, cities and towns will be doing the same thing on a larger scale. Won't this will place even greater stresses on hard currency supplies??

And if we have this problem in the US, what about Europe??

Hmmmm....

Regards,

Ron
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News