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To: re3 who wrote (76257)11/19/1999 6:41:00 AM
From: accountclosed  Read Replies (2) | Respond to of 86076
 
meehan on cnn in about two minutes.



To: re3 who wrote (76257)11/19/1999 12:24:00 PM
From: Earlie  Respond to of 86076
 
Ike:

Every day, it draws closer. (g)

I'm in the camp that expects a few mild disruptions at worst. My only worry area is the banks and only because they are so computer dependent and also so intertwined with the offshore banks, many of which are not ready. I anticipate a slowing of global interbank lending as Y2K nears, as western banks reduce their exposures, "just in case". This would strain things for a bit.

One thing that few seem to have built into their Y2K thinking is the possibility of a post Y2K nasty slowdown resulting from the quiet stockpiling that has been going on in many industries all year. My expectation is that there will be a significant slowing of the U.S. economy as inventories are brought back to normal. As this will contrast poorly with the hyper activity of 1999 (as the building up of those inventories strained suppliers), the markets may have to deal with crummy comparisons.

In the tech sector, this will exacerbate an already ugly situation, and that's where far too much dumb money has been parked.

Best, Earlie