Year 2000 problem & global trade - great tablesgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Here's an interesting quantification of the Y2k risks associated with US global trading partners, with some useful tables showing who supplies what and how much:
The Year 2000 Problem and the Global Trading System
-- Nathan (firstname.lastname@example.org), April 30, 1999
See US Dept of Commerce: Y2k and the Global Trading System thread.
-- regular (email@example.com), April 30, 1999.
Oops, missed that one, thanks.
Hey, you really are a "regular"!
-- Nathan (firstname.lastname@example.org), April 30, 1999.
Nathan - your thread should be highlighted in RED. To anyone seriously interested in following the Y2K problem 'The Year 2000 Problem and the Global Trading System' is required reading. Thank you Nathan for taking the time to search out the info'; I've been looking for something similar for months.
Meanwhile, Australia's Lateline programme - covered Y2k last week. Interviewed......in the first corner, Mr Maurice Newman - chairman of the Australian Stock Exchange - Mr Peter De Jaegar, talking from the centre gave a thorough account and on the ropes was the editor of the Y2K newsletter in the U.S. The man was called to account because he dared to suggest that stock prices might suffer. Maurice objected - saying it was too soon to be forecasting a drop in the stockmarket because of Y2K.
Anyway, all three agreed that the biggest concern was the lack of compliance in many countries and the effect this might have on supply lines. Japan was a particular focus.
Observation; have you noticed what has been happening to the price of commodities lately; they're rising - particularly oil. Remember recently, when some in authority in the U.S. suggested there could be problems with oil and gas supply because of Y2K. This was right at the time when OPEC and other producers agreed to cut crude production by 2 million barrels a day.
Immediately the price of crude rose, and other commodities followed. (Businesses increase inventories and reduce cash - they are - read the financial pages).....Can anyone answer if oil producers ALSO needed to cut production in order to fix Y2K problems (Perhaps embedded chips)? I wouldn't have a clue, but I am very interested - thanks in advance.
Must go and print the article. I find this site most informative - especially when Nathan takes the trouble.
Watch those commodity prices - enjoy the Y2K boom and don't forget to store plenty of coffee.
-- Pamela Lawrence (P_lawrence@hermes.net.au), May 02, 1999.
EXCELLENT! thanks Nathan.
Pamela - two words - stockpile coffee :)
In the USA cofee prices will skyrocket as Latin America just doesn't have it's act together...
-- Andy (2000EOS@prodigy.net), May 02, 1999.
I'ld like to thank "The Porter Family" for posting this link in another thread, and thanks for starting a new thread on this Nathan. I was going to do it, but got sidetracked this weekend. <:)=
-- Sysman (email@example.com), May 03, 1999.