unh_hockey
pain is temporary pride is forever
2008 opened a lot of eyes, if not for a short while, about how volatile the economy can be when gas prices suddenly and unexpectedly hike. When people’s commutes suddenly become comparable to rent payments, consumption goes down, and the economy starts to wane. The cost of doing business goes up, companies report lower earnings…wall street does its thing and sells on bad news...
Unlike my last thread which involved blasting the corn ethanol scam, I want to keep this thread less opinionated (although we are making some predictions). With that, I want to throw some questions out there:
1-When gas hits 5 dollars, will major business sectors see contraction? How fast? Will it effect our short term economic growth?
2- Will the over priced DJIA correct itself leading to investor panic? I suspect prices will come down to normal levels.
3- How will you deal with it? Have you already?
I’ll probably post from time to time with new articles and what not to answer my questions.
The only one I can think of right now is question #3. My plan is to get a job which will be a few miles from home. My interview is tomorrow, so I am acting fast. With that, I intend on filling up once every few weeks - that constitutes a fraction of my total income. (I drive a WRX which only takes 93 octane - 27 MPG highway.
) I feel that being co-located to work will render me immune to these cycles. Other than that, I plan on walking a lot to places I need to go to keep those costs down and renting an apartment that doesn’t use oil as heat.
I will be interested in hearing everyone’s take on this.
Unlike my last thread which involved blasting the corn ethanol scam, I want to keep this thread less opinionated (although we are making some predictions). With that, I want to throw some questions out there:
1-When gas hits 5 dollars, will major business sectors see contraction? How fast? Will it effect our short term economic growth?
2- Will the over priced DJIA correct itself leading to investor panic? I suspect prices will come down to normal levels.
3- How will you deal with it? Have you already?
I’ll probably post from time to time with new articles and what not to answer my questions.
The only one I can think of right now is question #3. My plan is to get a job which will be a few miles from home. My interview is tomorrow, so I am acting fast. With that, I intend on filling up once every few weeks - that constitutes a fraction of my total income. (I drive a WRX which only takes 93 octane - 27 MPG highway.
) I feel that being co-located to work will render me immune to these cycles. Other than that, I plan on walking a lot to places I need to go to keep those costs down and renting an apartment that doesn’t use oil as heat. I will be interested in hearing everyone’s take on this.
