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World Financial Impact From Egyptian Situation


A Bend financial advisor says to expect a bumpy ride in your 401K for a few days. Troy Reinhart with Northwest Quadrant Wealth Management says financial markets will probably re-act in the short-term to the extreme unrest in Egypt.  Reinhart says another possible impact is higher gasoline prices: "Where Egypt plays into this; they control the Suez Canal where lots and lots of oil goes thru and if the Suez Canal were to close because of all this uncertainty, then all the oil would have to go around the Horn of Africa which would cause probably a spike in prices, I wouldn't be surprised if the oil markets also continued to be a little bit choppy with all the uncertainty and Egypt and whether this is going to spread."

 

 

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