Hi Pezz, <<Why ,you... you .....meanee...!!!>> I am sorry, will not do it again, until I do :0)
<<I know ya don't trust CNBC>>
I trust CNBC and have it at between NY 8:30am - 12:00pm if I am on the net in my study, for what it tells me others may believe. Truth does not matter at times as much as perception. Truth eventually wins out, but eventually could be many years.
<<Gas at the pump is down about a dime already here in LA>>
You did not mean to say that a dime per gallon, at 25 miles per gallon, by 15,000 miles per year will make the average consumer buy more of whatever;
Nor did you mean to say that a dime a gallon, to a hollowed out manufacturing economy will make any substantial difference to GDP growth/decline;
And you certainly did not mean to say that overall energy price out of your pocket each month is down, if you lived in one of the states that mattered;
What you meant to say is that the volatility of gas and petroleum price has, due to inventory buildup (i.e. slowing economy), caused prices to go down for the moment.
<<How do you know this? Unemployment levels still very low>>
forbes.com
Yes, but out of the newly unemployed, 50% are college educated higher income earners, and this is unique in US history.
<<and confidence still good from an historical perspective>>
This is part of the problem. People still believe in the magic of the Maestro's secret sauce, and will regret their faith. The cleansing will happen, regardless of the strength of faith.
Inference and Anticipation are survival traits.
Chugs, Jay |
