Four Threats to Economic Recovery

Five Threats to the Economic Recovery

It is hard to decide which barrier to economic recovery to be most worried about today: the Japanese industrial collapse, inflation from soaring commodity prices, or the emergency financial aid requested by Portugal. All of the headwinds battering the economy are gusting today. Crude oil has jumped to over $111/barrel on the shutdown of Libyan oil production and the continuing protest demonstrations on the fringe of the Arabian Peninsula. Japanese manufacturers announced factory reopening plans that keep production far below normal for at least of month and then depressed for at least several more months. Portugal has become the fourth European country unable to service its massive debts from overspending. (More at . . . )