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To: long-gone who wrote (33275)5/6/1999 11:33:00 AM
From: John Hunt  Read Replies (2) | Respond to of 116762
 
Greenspan sees only modest Y2K impact on markets

<< ''I'm increasingly less concerned about whether there will be true systemic problems,'' he told a Chicago Fed conference after delivering a speech. ''What I am concerned about are peoples' reactions to the fear that something momentous is going to happen on January 1st 2000.''

''I'm sure that people will get very wise soon and recognize that the last thing you want to do is to draw inordinate amounts of currency out of the banks,'' he said.

''I think at the end of the day the impact on the financial markets is going to be rather modest,'' he added. >>

biz.yahoo.com

Sounds to me like he is pretty worried about it. (Probably a case of 'a rumor should only be believed when it is officially denied')

:-))

John