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Pastimes : Astrological Influences: Financial and Global Trends -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (308)11/5/1999 4:57:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 538
 
Rich, i haven't yet read the article you provided the link to, but i am with Yardeni on the subject, who says it is positively worrying how complacent everybody has all of a sudden become with regards to Y2K. people forget that the global economy is highly interdependent and that the Fortune 500 are not the only yardstick by which one can measure the overall state of Y2K preparedness. while i do think that the extreme alarmists have probably also got it wrong to some extent, the current spin of Y2K as a 'non-event' is highly inappropriate.

regards,

hb

PS: still waiting for Uranus to do his thing...<ggg>



To: Richnorth who wrote (308)12/8/1999 12:47:00 PM
From: Yogizuna  Read Replies (2) | Respond to of 538
 
The oil companies are not exactly in the best of shape for Y2K compliance. Some are saying that production will fall by as much as 20% as the third world producers have some major problems... In my opinion, I believe the loss in production will be somewhere between 5% and 10%, enough to help precipitate a major recession if they do not get their houses in order quickly... Yogi


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