However, Egypt has had its share of problems, from political instability, to failed economic and budget overhauls, to war within its neighboring countries such as Libya. However, Egypt has one important asset at this point, and that is the perception by some world leaders that it’s the one country in the region that is too important to fail.
This means organizations such as the International Monetary Fund and countries like the U.S. are more likely to step in and provide the financial support needed to help Egypt through this difficult time.
In this case, Egypt’s strength is not itself but those who have an interest in its success.
This commentary originally published in the Reno Gazette-Journal. Performance numbers used in this article were obtained through eSignal and are not guaranteed to be accurate.
This article was written by Laif Meidell, CMT, president of American Wealth Management, and portfolio manager of the AdvisorShares Meidell Tactical Advantage ETF (MATH).