"Here is a brief update to a list from last month with my view if the risk to the economy is increasing or decreasing:
1) Higher oil prices and a possible supply shock. Risk increasing...
2) Possible Federal government cutbacks (even shutdown). Risk increasing...
3) U.S. Housing Crisis. Same...
4) The European financial crisis. Same...
5) State and local government cutbacks. Same...
6) Inflation (a two sided coin). Same...
7) Risks from the earthquake in Japan. Risk Diminished..."
at http://www.calculatedriskblog.com/2011/04/economic-outlook-and-downside-risks.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29
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