(Goin? From One Piece of Holy Ground to the Next)

Y2K chaos?not. The Second Coming–not. Armageddon–not. A million tons of low-grade gunpowder all lit up and a whole lot of beer down the gullet of the world?you got it!

I don?t know about you, but I feel as if we just got to the summit of a mountain that we?ve been struggling toward for all of our history, and found that the view of the other side reveals?more mountains.

This was a very profound transition for me, because it marks a fundamental change in the way I am going to be approaching life, one I have been thinking about and preparing for since 1985.
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The first indication of how financial professionals expect Y2K (The Year 2000 Problem) to affect the economy has appeared in the form of a financial futures trade that reveals their private thinking on this matter. This trade, which consists of a combination of long (purchase) and short (sale for later repurchase at a lower price) positions in financial futures instruments, shows that they expect a spike in interest rates to occur late in 1999. By March of 2000, they expect interest rates to return to normal.
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