Optimistic Crowd Dr Ed Yardeni, chief economist at Deutsche Bank Alex.Brown, has been vocal in pointing out the potential for disaster from the millennium bug. He is less concerned now about power supplies and telecommunications, but senses a dangerous degree of complacency creeping in to some judgements. Yardeni said that 82 of the top 500 U.S. companies still haven't announced their Y2K spending programmes. He is worried by what he sees overseas. I still have lots of concerns internationally.
China is on everybody's worry list.
China has become extremely important to global trade. It supplies electronic components around the world. He felt the energy sector was most at risk. Energy has very long supply chains, lots of intermediaries for refining and distribution. There could be an energy crisis if there are breaks in that supply chain.