Almost all of the progress reports are not independently validated and verified. The following shows the five possible economic scenarios for 2000 with Yardeni's subjective probabilities. Business as usual. Only a few problems, which will be fixed rapidly.
Stock market moves much higher.
Business as usual within a few weeks. Stock market moves higher. Flight to quality. Social and political upheaval. Yardeni is less concerned about critical infrastructure systems, particularly electricity and phone service in the major industrial countries than he was 12 to 24 months ago.