Things to Watch Out For As the Economy Improves
Despite the naysayers, the economy is improving, as debt is down, confidence is up and the employment picture gets (albeit, slightly) better.
No matter how much better things are now, not even the most optimistic politician, economist or analyst can credibly say our nation is out of the woods yet. While predicting the future is always a rocky proposition, there are a few factors we should keep an eye on when it comes to how the next few months will play out.
Rising Prices at the Pump
It may seem counterintuitive, but the per-gallon price of gas continues to rise, with some parts of the country seeing average prices at more than four dollars a gallon. Why is that counterintuitive? Because (again, despite what some are loudly saying) the output of
Given all that, why are we bracing for even higher gas prices as we get ready to enter the summer driving season? There is oil speculation – which is driven at least in part by forces outside our control in the
The European Problem
These days, all eyes are on Europe, as the rest of the world waits to see how
The Political World
Last year, the
Of course, we can never predict the future. To borrow a turn of phrase from former Defense Secretary Donald Rumsfeld, there are things know that we don’t know. No matter how carefully and intelligently we plan for the future, there will always be an economic crisis of some sort and an accompanying market reaction, most likely a panic. Before it hit them last year, no one could have predicted the economic toll the tsunami would take on
No one can predict the next big oil spill, political insurrection or other large, life-altering event which will strike somewhere in the world. One thing we can state with certainty: that event will have either direct or indirect economic consequences on the rest of us.
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