Economic Insights – April 2011

As we enter the second quarter of 2011, the dark shadows of doom seem to be descending all around us.  The Japanese earthquake and subsequent nuclear meltdown, geopolitical conflicts in Libya and Yemen, soaring oil prices, budget battles, increasing stock-price volatility, and the apparent slowing in U.S. GDP growth all seem to cast doubt on our sunny economic scenario. It is important to remember that the world is always full of potential events that could cause a panic, a recession, or even a depression.  The world is never perfectly “safe.”  If nuclear war broke out or if Saudi Arabia collapsed into a nasty civil war, the risks to the U.S. economic environment and the stock market would rise immeasurably. However,...

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