How Will the Japanese Disaster Affect the U.S. Economy?

March 23, 2011
Financial expert Ty J. Young sees price increases, supply chain shifts.

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.

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