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


To: Scarecrow who wrote (1936)5/30/1998 10:56:00 PM
From: Investor-ex!  Read Replies (1) | Respond to of 9818
 
Scarecrow,

A very nice piece targeted at defusing the Y2k worst-case fears, though the nutty, collectivist, world-government assertions regarding Dr. Yardeni are completely over the top. I surmise if one can't logically refute the arguments, motives, or credentials of the opposition, one might as well veer off on a tangent acceptable to your core readership, painting your opponent via conspiratorial speculations.

The author covered all the bases -- in his fashion. The main critique is that, though appearing to be balanced in presenting both the very positive and equally very negative predictions by means of various existing print articles and statements from the competing Y2k camps, he assumes the optimists are all correct, while the pessimists (realists?) are anything but.

Had this man ever attempted managing a software project to an immutable deadline, he would be very much less likely to discount the potential outcomes.



To: Scarecrow who wrote (1936)5/31/1998 3:42:00 AM
From: John Mansfield  Read Replies (3) | Respond to of 9818
 
<<
jbs.org
We can close this thread. There will be no big problems. Maybe only a recession. Claudette
>>

Many quotes and articles written by others are twisted in this article.

Interestingly, the most important argument against 'y2k fear mongers' is that they all (except for Mr. Yardeni) personally have something to gain from this 'fear mongering'. This is an argument (see quote below) that could be applied as well to all persons quoted in this article that try to say that there will be no major consequences. These people stand to gain also by preventing panic; sell off of the stocks of their companies and so on.

This article has an almost propaganda-like character.

John

_______

<<
One of the challenges which individuals have in evaluating the claims of Mr. North and several others is that they
obviously stand to gain from creating a measure of fear.
>>