Possible "Wild Cards" for 2005

A recent Business Week article (click here) identifies five "wild cards" that could de-rail the favorable economic growth forecast envisioned by economic forecasters.

They are:

1. Falling U.S. dollar.
2. Major oil price shock.
3. Rising inflation.
4. Bursting housing bubble.
5. Global turmoil and crisis.

These are important issues to factor into your local or state economic outlook for the New Year.