Wildfires are burning in the western part of the U.S., especially inclusive of Colorado, this year at very severe levels, compared to popularly recorded history over the past few decades.

Despite economic challenges of the U.S., the U.S. is still very respectable and respected in many aspects.  And, the U.S. works to develop international cooperation, even though complexities might be existent, and can be taken into consideration for this, is the emergence of technologies that make communications and other technologies faster than ever.

The mortgage industry and real estate market: we want to see a strengthened economy, which could involve results of negating frivolous dimensions of the economy, mortgage rates, and property values.  Hold that thought for a moment; in the same breath of eliminating rates so low they are indicative of being preposterous, weighing down too much resulting in spikes of mortgage rates where they are so high that no mortgage companies are able to provide mortgaging services, can potentially hurt, or at least the sense of hurt, the mortgage industry and the businesses therein, a valuable sector to the overall make-up and topography of the business world.

The areas of severe weather, and other industries and sectors, it can be seen where analogies can be drawn.

Further reading, and a few excerpts that seem befitting at this time, which could change over the next few hours:

"The global markets are continuing to freak out following the Fed announcement that some forms of economic stimulus will soon be throttled back.  Mortgage rates continue to be extraordinarily volatile, along with practically everything else." 
Beginning of 'Current Mortgage Rates for Friday, June 21, 2013' <http://www.totalmortgage.com/blog/mortgage-rates/current-mortgage-rates-for-friday-june-21-2013/21803>.

"Tumbling stock, bond and commodity prices around the world are demonstrating just how reliant the global economy has become on the monetary policies of the Federal Reserve."  This a statement that could sum up many dynamics of what is going on currently, and historically, has said to have been for years, from an article 'Published: June 20, 2013', 'Global Sell-off Shows Fed Reach Beyond the U.S.'
<http://www.nytimes.com/2013/06/21/business/economy/global-sell-off-shows-fed-reach-beyond-the-us.html?_r=0>

"Friday's bond market initially opened in positive territory but has since slipped into negative ground once the stock markets opened for trading."
'Mortgage Rates On The Move 6-21-2013
Friday, June 21, 2013'
<http://www.lender411.com/mortgage-articles/9479/mortgage-rates-on-the-move-6-21-2013/>

Three Grave Challenges Facing China-US Relations
June 21, 2013
http://www.chinausfocus.com/foreign-policy/three-grave-challenges-facing-china-us-relations/

Here are a few points cited from the article:

"...the new type of major power relationship between China and the US is something easy to define but difficult to act on because the two nations still have to face up to three grave challenges.

First, the geostrategic challenge for China and the US in the Asia-Pacific region. The United States is advocating its Asia-Pacific rebalancing strategy, leading to increasingly complicated territorial disputes between China and Japan and the Philippines....

Second, China and the US face challenges in the global economic market, trade market and their rules. The US is aggressively promoting its “double oceans and double P strategy”...

Third, the rules of the cyber world hold challenges..."

If it may be added, it might be possible, while studies into theoretical economic models do no harm, deeper oil drilling impacting where oil is drilled, might impact the entirety of the picture.

Rounding out this business week, different countries have long-running philosophies, which impact their psychologies, when they develop policies for international affairs.  The policies for countries in the Arab World a thousand years ago, might have marked differences to the written policies in the U.S. in the last decade.  Whereat, the policies from a thousand years ago still have effects on the policies made today.  Therefore, in some circumstances, the implications of a policy made today, might not be entirely applicable in every detailed aspects, for a simple model for parallel from one region of the world to the next.

On wildfires:
'Red Flag Warnings, June 21, 2013'
<http://wildfiretoday.com/2013/06/21/red-flag-warnings-june-21-2013/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wildfiretoday%2FThgp+%28Wildfire+Today%29>
"Red Flag Warnings and Fire Weather Watches for enhanced wildfire danger have been issued by the National Weather Service for areas in California, Arizona, New Mexico, Utah, and Colorado."
There is a map that provides much crystallization on where the bulk of the fire warnings are, especially where the 4 states come together at, of Utah, Colorado, New Mexico, and Arizona.