THE GLOBAL MARKET

How Will the Japan Earthquake Affect the U.S. Economy?

"It's still too early to measure the entire effect of Japan's earthquake on the U.S. economy. A few things, however, are all but certain."

See full article from DailyFinance: http://www.dailyfinance.com/story/japan-earthquake-u-s-economy/19878316/?icid=sphere_copyright

I found this article on the daily finance website. We have been talking about having a world vision in our class the past week and and was interested what the media was saying about how the destruction in Japan will effect on our economy and its effect on me personally. Talking about this subject in class and reading articles myself has really opened my eyes to really how connected the world has become. Even though I was not there in Japan when the earthquake happened and didn't suffer any personal losses the destruction the Japan faced will have an effect on me through the global economy. In the article is discussed the U.S. imported from a total of $96 billion in goods from Japan in 2009. There will be at least a short term slow of these imports from Japan. American stocks could also actually rise for a time because the article suggests "there will be a migration from Japanese equities and bonds" and "some of this capital may seek the safe haven of the U.S. equity markets and treasuries." Lastly in the article it discuesses one effect that I can see effecting me and and college students alike personally is the increase in prices for consumer electronics and disruptions in the supply of parts for devices like the Apple iPhone and iPad in which is in great demand and use around every college campus. These are just a couple of ways that we can see just how connected our world has become. Our economy has become and is even increasingly becoming a global market in which just one catastrophe in a single country can have a large effects on the rest of the world.