"It's consumer Shocks that affect the consumer, not the day to day slow moves in prices."
This is such a Lie, consumers have cut back since gas has become more expensive, in light of burgeoning India and China, it's missed in demand.
But there is a straw that breaks the camels back.
There is only so much credit, and only so much money in the budget for most of America. Money going to Gas has to come out somewhere else.
Just my take on it.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, January 2, 2008
Market stuff, sillyness
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