
Risk And Uncertainty
“Lord, grant me the serenity to accept the things I cannot change, the courage to change the things I can and the wisdom to know the difference.” – Author Unknown
Risk and Uncertainty: A lot of new uncertainties have been added in the last few weeks. Will the Japanese reactor meltdown, and what effect will that have on nuclear energy supplies? Will the Japanese economy slump further, and how will that impact U.S. growth and jobs? Who is going to control Libya, or Egypt, or Bahrain or Saudi Arabia in the future? Will the answer to that question affect the world’s oil supplies or prices? And, how will that affect our economic growth? Will the governments of those countries be friendly to the West or will Islamic fundamentalists rule and sponsor more attacks and terrorism?
It can be scary to turn on the news these days. These threats and risks are real. And, they are largely out of our control.
But, there are other risks out there. Will our debt swamp the country and send us into a government-led collapse? In order to avoid collapse, will the Fed print more… Read More