Here are three more to add to the list.
First, U.S. consumers pull back again. U.S. households have been resilient which has lifted global producers. But future spending will depend on better job growth and incomes growing ahead of prices…..
Second, a U.S.-China trade war breaks out. China has slowed down. If growth drops more than expected and social unrest increases, Beijing might react by blaming U.S. regulations for the loss of work…..
Last but not least, fiscal policy blunders big-time. Never underestimate the ability of Washington to screw up the economy if political points can be scored…..
via Euro Zone Isn’t Only Potential 2012 Boogey Man – Real Time Economics – WSJ.