Kiplinger Letter : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Please help me with this. I read this in the Kiplinger Letter. How can they come to this conclusion? What could their backup possibly be? I'm pretty unsophisticated when it comes to this particular subject, and would appreciate genuine responses or comments and explanations. I'll quote this because I don't have a scanner.

"No big fallout from the Y2k computer bug. The dire predictions of a global loss of consumer confidence triggering recession are malarky. In fact, a good chance there will be a short lived market rally as foreigners dump iffy investments for bluechips and treasury bills."

-- Casey DeFranco (, September 15, 1999


Kiplinger is establishment and forever bullish. I subscribed many years ago (no longer), and unless they've changed, they've never heard of gold/silver, nor ANY type of investment beyond the shores of the U.S.

-- A (, September 15, 1999.

How can they come to this conclusion?

Because the truth wouldn't sell too many subcriptions to their newsletter. Sometimes the most obvious answer is the truth.

-- Nabi (, September 15, 1999.

In the best of times, the Kiplinger Letter is the worse piece of unresearched dreck I've ever seen. I don't know how it sells year after year and continues to earn money. Sheer idiocy!!!!

-- Mara Wayne (, September 15, 1999.

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