The U.S. economy has finally started to create jobs at a reasonable clip. Inflation is still low. Corporate profits are healthy, and surveys of business conditions suggest that the recovery is, as the Federal Reserve recently put it, “on a firmer footing.” So are happy days here again? Hardly. Last month, consumer confidence plunged, and pundits are still talking about the possibility of a double-dip recession. Some of this can probably be put down to the general atmosphere of geopolitical turmoil—the threat of nuclear catastrophe in Japan, continued debt ...
Source: http://www.realclearpolitics.com/2011/04/11/oil_prices_threaten_economic_recovery_253577.html
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