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Seton McAndrews

Iran, Oil Prices, and the Economic Recovery - Lord Abbett

Posted by Seton McAndrews on 3/13/12 12:12 pm

Lord Abbett's weekly commentary analyzes the situation in the Middle East and it's potential impact on the US economic recovery. "Right now the situation in the Persian Gulf presents the greatest threat to America's economic recovery and to further market gains. Absent this danger of higher crude and gasoline prices, investors can reasonably anticipate a durable, if plodding, economic recovery and modest relief from European sovereign debt fears now that the European Central Bank has adopted an easier monetary policy. It is, then, the potential economic fallout from higher oil prices - not to mention the shock of a military confrontation - that threatens most."

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