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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (16287)8/28/1998 7:58:00 AM
From: John Hunt  Respond to of 18056
 
Y2K In Arab Lands

gold-eagle.com

<< While most businesses which depend upon computers should be nearing completion of their Y2K compliance programs and testing their systems, most small- and medium-sized businesses in the United Arab Emirates still have yet to grasp what this problem is all about. Press has been complacent. A few IT companies with American and European connections as well as some international banks and multinationals have only now taken the lead to increase Y2K awareness among businesses. >>






To: John Hunt who wrote (16287)8/28/1998 11:47:00 AM
From: Mike M2  Read Replies (1) | Respond to of 18056
 
John, while there is no way to prove the gov't rescues the mkt occasionally I suspect they do- it fits in with there band aid short term approach to problem solving. From a longer term perspective intervention simply emboldens "investors" to take greater risks and creates a bigger bubble which inevitably must burst causing greater damage than would otherwise be the case. Mike


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