OfflineWhile most world events don't cause an immediate hiccup to the US economy, some do. The trick is to be aware of events in this world economy to see if they could impact the USA.
For example, the riots in Egypt could. A scenario of a stable Islamic nation falling into the hands of Islamic extremists. They would thaen have the power to close the Suez canal and reduce the flow (actually delay and cost more for transport) of oil to Western nations. The price of food would also spiral upwards in sympathy with other commodities. Then our fragile economy could double dip, unemployment would rise again and housing would slide because of the uncertainty.
While a lot of things would have to happen to make this come true, America is in its weakest condition it has ever been in since the founding of this nation....it just wouldn't take much of a push to fall off the cliff.
Moral: Be sure you have properly planned for any contingencies on long term projects.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Bill,
This could be very scary!
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
as we are no longer the biggest kid in the sandbox
Always Looking to Acquire Houses | Always Looking to Amaze Investors