Ty J. Young, president and CEO of Ty J. Young Inc., a wealth management company, warns that the Japanese disaster could have both short and long-term effects on the U.S. economy, including:

  • Price Inflation -- higher food, fuel costs
  • Slow down in economic growth -- impact from interruptions in manufacturing
  • Shifts in manufacturing from Japan to Mexico and other supply points
  • Negative impact on stock market, along with lingering impacts from Middle East unrest, real estate
  • Put your money in "protected place"
  • Still need renaissance in American nuclear industry

Listen to the interview with Ty J. Young below.