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To: Craig Rogers who wrote (19657)	6/29/1998 1:53:00 PM
From: Colin Christie	Respond to of 31646

Off topic: (latest from Ed Yardeni) COMMENT: In my latest Y2K REPORTER #23, I raise the odds of a global Y2K recession from 60% to 70%. I can no longer say with any confidence that there is enough time to avoid a severe global recession. Progress is occurring, but not as fast as January 1, 2000 is approaching. I intend to stay open-minded: If I see that governments and businesses around the world are making faster progress and preparing contingency plans for inevitable computer problems, then I'll be happy to back off. For now, I remain an alarmist (though not a doomsayer) on this important issue. In my latest report, I also discuss the possible investment implications of a Y2K scenario. PRESS EMBARGO: The contents of this report are embargoed to the press until Tuesday, June 30, at 10 am, at which time I will discuss my new Y2K economic assessment at a press roundtable in Washington, DC hosted by the National Association of Manufacturers. Please forward this message as appropriate. Thanks to all the folks that continue to help me stay as informed as possible on Y2K. Ed Yardeni