Followup 2 to PROBABLE Prediction 2000.1
c670204([email protected]) replied to Erik Kosberg on 07 May 1998
I agree, to a certain extent. However, I don't think the amounts are correct. I believe there will be a disastrous economic blow exacted upon the economy: at least a 40 to 50% drop in the DJIA, S&P 500 will drop 30 to 40%. This loss of revenue will lead to a major economic recession. Due to recent governmental welfare-state funding reductions, there will be a massive unemployment outbreak. In all, the economy will contract by 50 to 75% in the first few months of 2000, and even by Jan 2001 there will still be great instability in the international market.