8 Economic Threats That We Were Not Even Talking About At The Beginning Of The SummerSubmitted by legalizeliberty on Thu, 08/23/2012 - 10:41
In the crazy times in which we live, it helps to expect the unexpected. Sometimes you can think that you have it all figured out and then this world can throw a real curveball at you.
Very few people anticipated that we would see a massive outbreak of the West Nile Virus in Texas this year or that the Mississippi River would be in danger of drying up after experiencing historic flooding last year. Who would have thought that we would see the worst drought in more than 50 years or that horrific wildfires would burn nearly 7 million acres of land? This is why economic conditions are always so hard to predict. A single “black swan event” can come along and change everything almost overnight. Our world has become incredibly unstable, and so who really knows what the rest of 2012 will bring? Will we see a stock market crash? Will the hurricane season be unusually bad? Will war erupt in the Middle East? Will we see a major earthquake on the west coast or even a volcanic eruption? Will the upcoming election cause an eruption of anger and frustration in America? We don’t know the answers to those questions yet, and the truth is that we will probably see some things happen that very few of us are anticipating at this point.