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Technology Stocks : Year 2000 (Y2K) Embedded Systems & Infrastructure Problem -- Ignore unavailable to you. Want to Upgrade?

To: Sawtooth who wrote (577)	11/5/1998 8:55:00 PM
From: Hawkmoon	Respond to of 618

Tim, I don't find myself all too concerned about Y2K problems that would result in nothing more than a temporary nuisance. My concern resides with the power grid, weapons systems for national defense, and ultimately with the lack of awareness/readiness of the international community. For the past year we were constantly told how the economic crisis in Russia would have little impact on the US economy. However, as we soon discovered through the LTCM bailout by creditors and indirectly the Fed, how inaccurate this claim is. Now imagine your a major debtor nation and you suddenly find yourself facing not only an advancing global depression brought on my deflationary commodity prices (through which you service your debt), but also a major credit crunch as international bankers become very unwilling to risk more capital on your Y2K vulnerable economy. What would you do? Maybe you might decide that default is your best option for salvaging your domestic economy. And you might be encouraged by the thought that you will likely have company, thus preventing your becoming the lone (no pun intended) pariah and deadbeat. Besides, why do you care about the exploited G-7 economies anyway? What have they done for you lately except put you deeper in hock? Just a thought that I constantly filter my investment analysis through. Regards, Ron