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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (6802)	7/21/1999 6:01:00 AM
From: Ken	Respond to of 9818

A vital point:<you don't think the terrible remediation situation abroad is gonna effect import/exports? Chop a few points off GDP? No effect at all, huh?> But, wrong focus for the result. CONTEMPLATE THIS!: what PERCENT of all of the hundreds of thousands of all the products basic to our style of life are manufactured/fabricated overseas, have at least one major compenent from a foreign country, have foreign financing, or are dependent in some way from overseas trade or commerce? Do you think that GM or Ford could manufacture one more car if Asian imports shut down for some substantial period of time? Or, one more computer? Or, one more TV? Or, one more stereo set? Or, one more pencil? Or, one more....point made. Then, contemplate what would result if one major American company in a chain went bankrupt because of an inability to import one such key component in time, much less a CONTINUALLY smoothly running system? Think of the ripple effect both backwards and forwards along this entire chain! How many more companies along this chain, espically those exclusively selling to one company would then also go kaput. You would have a cascading series of bankruptcies along this entire chain, simply triggered due to one or several key components from a foreign country no longer importable... Then, contemplate the cascading effects thruout the economy-first locally, then broader-, then, nationally, thru such resulant major layoffs, crash in disposable income, etc.- how would that effect local banking? Local merchants? Housing/construction? Retailing? A few points of the GDP? Christ, it would tumble off the graph! This is the key salient point all the pollycrackers and the DUHnialists apparently lack the intelligence and logical reasoning powers to understand, as they are only able to focus on one company or industry AT A TIME! SYSTEMIC! CASCADING! INTERRELATED! INTERRCONNECTED! GLOBAL ECONOMY! INTERNATIONAL DIVISION OF LABOR! AND MOST IMPORTANT, MULTI-DIMENSIONAL CAUSE AND EFFECT! UNTIL/UNLESS these DUHnialists and pollycrackers fully comprehend (which seems absolutely and irrevocably impossible) all the above concepts, then, THEY ARE TRULY A DOOMED LOT! PERIOD! Pollycrackers and DUHnialists: until you can envision our entire global society as a 3-dimensional spider web, you will remain clueless!