CNN broadcast, guest see's global recession

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Just on CNN, did not catch his name maybe Gramer? Was just interviewed and my wife started smirking, she said he sounds just like me.

He felt a global recession would occur do to supply chain issues, among other things. He indicated he was surprised that not many other folks are stepping up on this issue with similar forecasts??

I thought the guy was sincere and made much sense with his forecast. Hopefully some others got the chance to see it. CNN/6:50PM EST. Good luck.

-- LALA (LaLA@lalaland.com), December 23, 1999

Answers

They seem to be grabbing whoever they can these days. Tommorrow, we'll see a story on non-compliant golf courses or something. Overkill all the way.

Llama

-- Bernard (Llama man@cool.net), December 23, 1999.


Bernard,

Do you think?? Golf courses, hmmm, never thought of that? I take it you're not at all concerned of any impacts of this, whether economic, or social?

Curious as to why or better yet how you came to this conclusion? Really wondering, I hope it's a non-issue and we continue on with the economic expansion, but all the research over the last 18 months or so leads me away from that scenario.

Please take a few moments and explain your reasoning. Because most folks that post/read this board are certainly the minority by a long shot, and most are not making this up based on emotion.

So come on list your reasons/opinions. Thanks, I am sure we can all learn by them. Good luck to you.

-- LALA (LALA@LALALAND.com), December 23, 1999.


Actually I think deleteing these posts by folks like Bernie are too easy on them. Post their mail addresses. I like that idea. Just give us somewhere to send them our opinions... Yeah. I like that.

-- (...@.......), December 23, 1999.

I trust that the government and big business are telling the truth, Oh wait, on this forum we can't say that. It was a fairly simple problem that was fixed for the most part. Yes, there are alot of reports out there but the gov is rarely wrong and big business want to survive. Big business surviving means booming economy. Wait, no one on the forum wants the economy to excel.

Llama

-- Bernard (Llama man@cool.net), December 23, 1999.


Hey you peruvian weird lookin beast.

""I trust that the government and big business are telling the truth, Oh wait, on this forum we can't say that.""

You can say it, but then you run the risk of looking like a total imbecile.

IMBECILE---now don't you go fill up that gas tank, be a good boy!

-- d----- (dciinc@aol.com), December 23, 1999.



LALA, If Bernard is right, business and government would grind to a hault. No place to make deals!!!!

-- gary (a@a.com), December 23, 1999.

Hey, we have remediated the sprinkler system in our local golf course. And tee times are assigned on a first come, first served basis, so there is no automated reservation system to worry about! Our golf course is Y2K compliant!

(My golf swing, on the other hand, is another matter...)

-- Mad Monk (madmonk@hawaiian.net), December 23, 1999.


It was Dennis Grabow, CEO of Millennium Investment Corp., who was interviewed on Moneyline. He's a close friend of mine.

Previously he was Vice President for Private Client Services at Morgan Stanley, and managed equity and fixed-income investment portfolios for institutions, corporations, and high net worth individuals. He also served as Managing Director for Corporate Finance at Bankers Trust Company, Vice President and Manager of Chicago Corporate Finance Department at The First Boston Corporation, and a Vice President with Halsey Stuart & Co., Inc.

He has 30+ years experience in project finance, mergers and acquisitions, corporate restructuring, and initial public offerings in a spectrum of industries, including electric and gas, nuclear power, transportation, technology, manufacturing, shipping and banking. He was also a member of The White House where he served as Staff Assistant to President Ford.

After leaving Morgan Stanley in 1997, Dennis was looking to acquire a company. But while investigating a closely held California information-processing firm as a possible target, he realized the company wasn't Y2K ready. Nor was its biggest customer -- nor, according to his research, much of the rest of the world. So he dropped his bid to buy the company, and turned to Y2K strategizing.

That's how Dennis got involved with this whole Y2K deal. He has hands on experience with embedded systems and process control because of a manufacturing LBO he was previously involved with. [I doubt many market analysists have had this kind of experience.]

I knew about this stuff years ago. He shared the LBO info with me when I told him about a dinner I had in NYC with one of the top Y2K attorneys in the U.S. ... who told me about a deal that almost came to pass (without naming names) ... where a company was being acquired ... that had major Y2K problems ... and who's inventory, which was also being acquired ... was not Y2K compliant.

Dennis is considered the financial expert on Y2K global trade ramifications ... whether people like his thoughts or not.

It's tough to convey much when you only have 5 minutes of air time.

Time will tell who's right and who's wrong. Only 8 more days until January 1. Story will unfold after that.

-- Cheryl (Transplant@Oregon.com), December 23, 1999.


Cheryl...aren't you the one who you and exhubby owned an oil company in Texas? I know you hob knob with the big boys. How about some tidbits out of the oil fields??????????? Is what DD1stLight said the truth as you see it? Would sure like to have your input. Being from the Pacific NW I often think of you up there learning to farm. Did the same back in the 70s and now its time to reap the rewards of all that hard learning. Taz

-- Taz (Tassi123@aol.com), December 23, 1999.

I love Bernies.
They will show up at your door one day, and you flick them 5 oz. of rice and they go away. Sort of like dumb, ignorant stray dogs.
The reality is about to set in people. I do not agree with Infomagic, nor Milne, and disagree with Cory on several points, especially since my experiences with the enterprise systems domestically and overseas has been sour at best. Two years ago there were billions of lines of code to be remdiated, then suddenly in December of this year, as if the "big" corporations just waved a magic wand, it was done. Testing has been pathetic at best. And if morons like Kosy and "bernard" (aka, fill in the blank of the name of your long gone favorite polly bser) are going to lead the "innocent" (I don't believe in that term, sorry, hard reality is a bitch people) into the can, then so be it. We'll be riding a 9 at the end of January. And for you poor sob's in the northern cities, don't think we have room for you in Florida. We'll have our own problems to deal with. And it is NOT going to be pretty. If you haven't "hoarded" yet, I'd really suggest that Dec. 26 be that day. Life will get rough in three weeks as the transportation system will breakdown. For you ignorant, pathetic pollies, that means "the supply chain". I don't have time to diagram that for you, but it means your Captain Crunch cereal will not make it to the warehouse in time. And the stores will run out. And the secret decoder ring will not be available. Boo-hoo. It also means that I'm glad I'm ready to duck and cover. It will be hard, but I'll survive. As for the pollyidiots I've seen online, with zilch for I.S. experience, screw 'em. They made their bed. Enjoy devil's night, Detroit style. You're going to have a long month.

Got ammo?
John 9.5

P.S. - "PLEASE, DON'T FEED THE POLLIES. THEY BITE AND MIGHT BE RABID"

-- John 9.5 Galt (jgaltfla@hotmail.com), December 24, 1999.


Bernard,

Just read your response, great, now I understand why you think Y2K will be a bump in the road.

You believe that big business and G'ment will not allow it to happen, fair enought... That sums it up for me.

You are probably not from a technical backround, I think at least for me, there is so much more that is involved in computing and what we define as our infrastructure than the majority of people care to acknowledge. Have you heard that the embedded chip concern may have been over looked?? At least until recently, some folk did not realise/understand the potential effects?

If we get through this without a contraction in the World economy and a rise in unemployment, I would be very happy. I am still trying to determine how that could happen? Anyway thanks for sharing your view.

Good luck to you.

-- LaLA (LaLA@LALALAND.com), December 24, 1999.


Bernard thinks the government is telling the truth? The government? When did this sort of thing start to happen?

-- cody (cody@y2ksurvive.com), December 24, 1999.

Bernard is a crappy soccer player, who retired becuase noone wanted him. He doesn't know squat about y2k or anything but soccor, as he demonstrated by saying he trusts government and big buisness. He's a fool and will probably die next year. Too bad for him...

-- Crono (Crono@timesend.com), December 25, 1999.

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