CAMBRIDGE: The passage to the year 2000 involves more than the usual end-of-century doomsday fears. Even those who are comfortable that we are not approaching the end of the world and civilization anticipate a serious bump in the road. Information technology, the blessings of which are sung day in and day out, not least by investment gurus, may spoil the party. Payments systems may fail, transport systems may fail, even security installations might malfunction. But empty shops and banks are perhaps the least of the risks we face. Should we get out of the markets and into cash early, build inventories of food and simply hunker down until the uncertainties pass?
CAMBRIDGE: The passage to the year 2000 involves more than the usual end-of-century doomsday fears. Even those who are comfortable that we are not approaching the end of the world and civilization anticipate a serious bump in the road. Information technology, the blessings of which are sung day in and day out, not least by investment gurus, may spoil the party. Payments systems may fail, transport systems may fail, even security installations might malfunction. But empty shops and banks are perhaps the least of the risks we face. Should we get out of the markets and into cash early, build inventories of food and simply hunker down until the uncertainties pass?