We've simply gotten ahead of ourselves.......greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I haven't posted in a while, but after witnessing the media overwhelm us all with bright, happy faces...now that they've written themselves into a corner, unable to report 'problems' due to their premature enthusiasm,I've grown increasingly concerned about where we're headed. The Fed is so overconfident that the extra cash is coming back into the Federal Reserve, the market is beginning it's descent, and the glitches are becoming more and more prevalent and persistent worldwide......the thousand 'cuts' scenario is becoming a reality. Pollies and Doomers (and in my case, middle of the roaders) need to sit back and watch carefully over the next few weeks. Let's not fill the board with rediculous spam, let's all be more aware of what's going on around us...in our offices, with our banks etc etc.I think you're starting to see the 'true fruits' of Y2K, and what the majority of experts agreed on.....a slow, painful death of some major systems. Pray for the best, stay prepared, and open your eyes wide...
-- Marker (email@example.com), January 04, 2000
For what it's worth we've had 3 server (IBM running Novell 4.11) crashes that resulted in several corrupted files since monday here at the high school where I work. Our technology coordinator said that on Jan 1st all the school districts in the state (KY) were required to bring up their servers and establish contact with the state department. Sixty school systems were unable to do so. I didn't see it reported anywhere in the media.
-- Dave (firstname.lastname@example.org), January 04, 2000.
Marker, great insight! Today the Fed command center "stood down" because they saw no way that Y2k could impact the economy. Ever since the rollover it has been obvious that the reporting was slanted and not everything would be carried. Especially if a problem occurs do to a switchover to manual which occured before the rollover. If a glitch happens now it's easily and truthfully attributed to "human error".
They have painted themselves into a corner with still many hurdles to come. It should be interesting.
Especially in light of the fact that the Fed is getting back much of the liquidity that it had distributed for the expected cash demand. It didn't happen. The market tumbled today with some speculating that perhaps this was part of the reason. Obviously, it can't be. The money is headed back to the Fed. So, what's behind the huge sell off today?
Dave, thanks for the info!!!
-- Mike Taylor (email@example.com), January 04, 2000.