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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: NickSE who wrote (41127)5/14/1999 4:55:00 PM
From: John Pitera  Read Replies (3) of 86076
 
Great post with Y2K warning Countries in Asia, Latin America and Eastern Europe have had their hands full with currency and economic crises over the last
eighteen months. Addressing the Y2K issue has not been an afterthought, but an equal competitor for finite resources within the context of numerous urgent issues. We
would suspect that if a Y2K related JIT problem were to occur, it may originate with a foreign supplier.

We have not heard any US companies dependent on foreign sourced materials supply directly quantify plans to build inventory as a contingency, but it sure seems to be a
common sense move to us. Most individuals we hear speak of the Y2K issue plan to have water, batteries and a bit of food on hand "just in case". It's simple human
reaction to the unknown. The increased demand for cash near year-end also seems a no-brainer. It just so happens that human beings also make corporate decisions.
Why will they not act with the same cautious/defensive posture? Better to be safe than sorry. We look for a temporary stimulative effect on US economic growth over the
next 3-6 months as manufacturers secure component supply inventory. Let's take a look at a few pictures:

contraryinvestor.com
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