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Recommended Resources Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

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1998-05-07 21:37:30


If They are All Working on It, Where Are the Want Ads?


I received this letter. I can't argue with it.

* * * * * * * * *

You and I are both extremely skeptical that companies are doing as much Y2K repair as their PR people claim.

Here's a way to get dramatic anecdotal evidence in 10 minutes or less: Pick up the Sunday edition of any metro newspaper. Turn to the classified ads and see how many Y2K-related want ads you can find. Most typical number: Zero.

Even if you grant the benefit of a doubt and assume that any ad that mentions a legacy language (COBOL, RPG, Jovial, APL, and so on) is a disguised Y2K situation, you'll count no more than one or two ads.

To put this in perspective, look for ads that mention Web-based or Java-based programming. You'll see several.

When you can't find more than one or two Y2K ads in a five-pound Sunday paper, you know what it means: Most companies are doing nothing.

If millions of companies WERE doing serious repair work, the metro papers would be running entire classified SECTIONS on Y2K.

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