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What the year 2000 problem may do to the stock market and the economy.

The Year 2000 (Y2K) computer problem and a number of related factors may prompt a global economic decline. The Y2K problem refers to the decades-old practice in computer programs of assuming a year's first two digits are “19” and using only the last two digits to denote the year. This means that t...

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Published in:Futurist Vol. 32; no. 6; pp. 16 - 22
Main Author: Ray, Russ
Format: Article
Published: World Future Society August/September 1998
Subjects:
Year 2000 date conversion (Computer systems)
Economic forecasting
Investments > Data processing
Stock exchanges
Economics
Online Access:View this record in EBSCOhost
Summary:The Year 2000 (Y2K) computer problem and a number of related factors may prompt a global economic decline. The Y2K problem refers to the decades-old practice in computer programs of assuming a year's first two digits are “19” and using only the last two digits to denote the year. This means that the year 2000 will be read as 1900, causing computer chaos. The problem is unlikely to be resolved in time to prevent a major shock to the world economy.