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To: goldsnow who wrote (13993)	7/1/1998 1:25:00 AM
From: Alex	Respond to of 116912

Will Y2K Cause a Global Recession????????????? Will Y2K Cause A Global Recession? SUSIE GHARIB: 8 points sure is animated. You're right Paul. Well, a leading expert on the Year 2000 computer problem says there's a 70 percent chance it could cause a global recession a year from now. That's what Ed Yardeni, chief economist at Deutsche Morgan Grenfell is saying today. A year ago, he put the odds at just 30 percent. Yardeni also sees danger signs ahead for the stock market. EDWARD YARDENI, CHIEF ECONOMIST, DEUTSCHE MORGAN GRENFELL: I do believe the Year 2000 problem has the potential for creating a bear market. And now my most likely scenario is that we'll see a 30 percent drop in stock prices sometime in 1999. GHARIB: Well, Yardeni says that he's disappointed by the lack of global government and industry leadership in tackling the Y2K problem. Nightly Business Report transcripts are available on-line post-broadcast. The program is transcribed by FDCH. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Community Television Foundation of South Florida, Inc. Nightly Business Report, or WPBT. Information presented on Nightly Business Report is not and should not be considered as investment advice. (c)1998 Community Television Foundation of South Florida, Inc. quote.com