Airplanes will fall out of the sky, cities will be plunged into darkness, world commerce will grind to a halt?
Wait and find out. One thing for sure, lawyers and computer programmers have much to look forward to! :)
John Westergaard forecasts a 40% stock market drop.
Dr. Ed Yardeni in his book, "The Year 2000 Recession," is less worried and only forecasts a 25% stock market drop. "Such a worldwide recession could last at least 12 months starting in January 2000 and it could be at least as severe as the 1973-1974 recession. That downturn was caused by the OPEC oil crisis which is a useful analogy for thinking about the potential economic consequences of Y2K. Just as oil is a vital resource for our global economy, so is information. If the supply of information is disrupted, many economic activities will be impaired, if not entirely halted."
Year2000 stock research and technical information about companies that are involved in fixing problems related to the year 2000 crisis.
"How to convince managers Y2K is a risk?
Give them each $1000 and have them bet on 00 at a roulette table."
The Year 2000 Information Center provides a forum for disseminating information about the year 2000 problem and for the discussion of possible solutions.
The Millennium Challenge poses a genuine risk to the networked world. The Global Economy is based on a complex web of interrelationships. If the performance of one link falters, the prosperity of all is at risk. Meeting the Millennium Challenge is a condition of technological survival into the 21st century.
For common sense personal survival tips, see the American Red Cross pamphlet: Y2K, WHAT YOU SHOULD KNOW.