WICHITA, Kan. (KSNW) – Monetary advisor Dustin Lentz instructed KSN there isn’t any secret Russia that may be a huge exporter of oil and power. He stated the sticker shock of this battle will come on the pump.
“That’s what we and our analysts actually suppose if it does find yourself in Wichita and Kansas, most likely on the gasoline pump, pure gasoline, possibly seeing fluctuations enhance within the prices,” stated Lentz.
Lentz is a managing associate at Stoutheart Monetary Group. He stated that though it could not appear to be it, there’s a attainable silver lining to this case by way of investing.
“From all-time highs at present, we’re down greater than 10%, and so anyone that has money and desires to take a position long run, it’s an superior alternative,” continued Lentz.
He stated market swings in occasions of worldwide battle are regular.
“The volatility is just not going to go away, particularly so long as that is lasting,” he added.
Nonetheless, he’s assured circumstances will change for the higher.
“The market all the time recovers, and issues all the time have improved. We simply must be affected person,” he concluded.
From gasoline to grains – economist Jeremy Hill stated Russia competes with Kansas promoting of wheat and grains, so imposed sanctions on them might truly be helpful.
“They’re going to have much less provide on the worldwide market. That’s going to, and that’s going to shift much more demand to us that will have gone to Russia,” talked about Hill.
That means Kansas farmers can probably promote extra crops for more cash.
Hill stated if the state of affairs escalates and different U.S. commerce companions get entangled within the battle, it’s going to have an even bigger influence on our economic system.