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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (5526)	4/24/1999 11:13:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 81821

According to the Asian papers this problem in being addressed. According to my sources here in DC the Japanese (minus a tardy but significant response by their financial institutions) have been relatively CLUELESS about Y2K vulnerabilities. I don't want to go into too much detail publicly, but suffice it to say that until last fall most Asian leaders were more concerned with their current economic problems that dealing with something a year away. That is changing. But with regard to proper assessment of utilities, water, and local gov't services, it may be too late. Look how much of a problem we're finding here in the good old US of A and we've been working the issue seriously for at least 3-4 years. Beyond the actual impact that Y2K may have on international IT systems, the psychological impact may cause many investors to seek safer havens in the US, Canada, England, and Australia (those nations who have been the most diligent in working the issue). Much of the recent US stock market boom has been due to money that had been previously invested in Asia being invested here in the US. It may remain that way until the dust settles in March, 2000, and in fact, become more profound. JMHO. Btw, I heard one analyst the other day discussing why US bond rates were so high. He stated that was an inordinate amount of competition from corporate bond issuances as companies who had planned to do bond offerings in the second half of 1999 instead opted to move them up to the 1st half where they could be assured of a ready market. y2ktoday.com Regards, Ron