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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Steve Minter | Steve Minter, Executive Editor

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An award-winning editor, Executive Editor Steve Minter covers leadership, global economic and trade issues and energy, tackling subject matter ranging from CEO profiles and leadership theories to economic trends and energy policy. As well, he supervises content development for editorial products including the magazine, IndustryWeek.com, research and information products, and conferences.

Before joining the IW staff, Steve was publisher and editorial director of Penton Media’s EHS Today, where he was instrumental in the development of the Champions of Safety and America’s Safest Companies recognition programs.

Steve received his B.A. in English from Oberlin College. He is married and has two adult children.